My dad just pulled the plug and told me to go do my home work.
It isn't the lack of parental control thats the issue, is the fact that Parents are just plain lazy. They don't interact with their kids, set boundries and rules and then stick by it them selves and a lot of other things. And the biggest thing of all: They let other things like the new time out feature on the 360 help babysit their kids for them.
Laziness. Pure and simple.
Although I do like the fact that the 360 will be able to play Xvid and DivX video files with the same update that brings in this new feature.