I think the time I grew up in was pretty sweet. Born in 1984, I got to grow up with awesome cartoons, and i got to be a kid right at the cusp of the mainstream popularity of videogames (everyone had an NES in elementary school, a Genesis or SNES in middle school, a PS1 in junior high, and a Dreamcast and PS2 in high school... with a PC throughout).
Also, people my age got to just barely miss the whole MySpace, text-centric culture that pervades high school now (which I get to watch like Jane goddamned Goodall thanks to having a younger sister). Sure, a lot of my old high school friends are in to that whole community, but it wasn't so deeply and dangerously ingrained in us as it is for this next generation. It's not that we don't still have that unreasonable sense of entitlement that they do... we just know how to CALL SOMEONE when we want to talk to them.
But the availability of information, music, media, and entertainment via the internet makes me glad I didn't grow up in any other known era.
HOWEVER... my dad (who was a teenager in the 70's) has all kinds of crazy stories from his days touring with a band across the northeast US, and I frequently regret the fact that my most exciting stories involve my videogame accomplishments. That is, of course, my own fault, but still... might have been cool to be around in those days.