Re: So someone's smelling the winds of change then?
Frankly, as a sometime lecturer at Berkeley & Stanford these last 30 years, I find quite the opposite to be true.
Going by, say, the past few decades of ACM publications or similar, I think what we're really seeing is just dilution. There are good young people working in CS and other tech fields, just as there were in previous decades; but as those fields have grown, the number of mediocre people working in them has increased faster, so the good ones are harder to spot in the crowd.
In the last grad CS class I took, a couple of years ago, there were some clever folks: one two-student team developed an algorithm for - lemme see, predictive modeling of gene methylation, maybe? - that outperformed the best one in the literature to date. That's real research. But most of the students, to be honest, were just picking up enough knowledge to add a couple words to their CVs.
I'll certainly agree with Jake that this idea that the current generation (however defined) is "technologically superior" is rather dubious. I might also note that methodologically-sound studies of "digital natives" and like have shown those concepts (the sort of stuff promoted by Wired writers and similar clowns) to be completely unfounded.