Techie,
good reply
There is not any ONE thing that can explain a whole generation.
As for those who discount the media and say it's all dependent upon good parenting, you're wrong. It takes a whole community to properly raise a child. Even with the best parents, kids go outside the home everyday and encounter the real world. The real world, no MTV pun intended, is what the rest of us are responsible for, including what we allow to be in the media.
How many of you grown ups(which includes me) did everything your parents asked/demanded/expected? I had great parents. But I still went out and got wasted behind their backs, caused vandalism, stole once in a while, jacked off everytime I saw some cleavage, etc. etc., and it had nothing to do with what my parents did. It was because of who I was. Don't expect that your kids, or other kids will do everything great if the parents are great at parenting. They still have friends and other influences(media), and if you don't think that friends influence them more than parents then you're out of touch with reality.
I personally don't like the way censorship has been relaxed. If you think that it goes against freedom of speech, think about how we have always live with some level of censorship, and think what it would be like if there were none, would you accept that for your own children?
my 3 cents