Male characters aren't sexualized in games at all. When you see a male character that's chiseled and handsome, it's because the developer is trying to create a character that a male gamer would like to imagine himself as. These sorts of characters absolutely are not designed for the purpose of providing eye candy to female gamers, in the way in which female characters are designed for male gamers. These kinds of male characters generally are in games that most female gamers avoid to boot.
If you want an example of sexualized male characters in games, then you'd be better off looking at Japanese RPGs and such with their bishounen characters. Pretty boys are really big in Japan (anywhere really, among teenage girls), so in genres that get a decent number of female players, like RPGs, you'll see some male characters that are probably designed to appeal to young women to some extent.