I stopped reading after the third post. This is a loving handicapped idea coming from a kid who is butthurt because his parents wont let him get gta4. If this were to happen, than kids would be more forgeted than possible. Think of it this way. As a boy, you're born with the lust for; dirt, machines and aimlessly punching and breaking stuff. Now, if you're 5 years old and playing dora the explora and dora's monkey wont shut up, and, the kid could just go apestuff and rip the monkeys spine out. They created the rating system for a reason, to keep the minds of kids a little less twisted and to ensure that a 10 year old isn't walking out of game stop with a fat pile of games chock-full of; love, blood and liquor abuse.
Tl;dr:
No, it would forget up kids more and more than they already are.
Also, if something wasn't clear in my post, just quote me, and i'll explain what you need.