Agreed, we were quite conservative with the www with our two kids, both of them were avid readers and not really into gaming etc.
No phones until they were at high school, James had an ipod thing but even that was closely monitored by us. Both were taught about the obvious dangers of the www.
I remember looking thorough Jamess search history and he'd been searching for boobs. He was about 12 at the time and was mortified when I spoke to him about it lol.
If it was up to me I'd also restrict under 16s and think it's a cesspit for bullying, at least when I went to school the bullying stopped at 3pm.