This just in from one of our subscribers. Thank you Lee for sharing this response. We appreciate your efforts as we patiently wait for Apple to approve our solution. Readers, if you are so inclined, feel free to reach out to Apple via the link below to support our efforts.
Actually got a reply: Thank you for taking the time to contact Apple about improving iTunes. Apple recognizes that no one is better qualified to provide feedback about iTunes than the people who use it. I understand that you are concerned about the Parent Controls for the iPod Touch. My name is Floyd, please know that I can appreciate your concerns and I am happy to address them for you. I have forwarded your concerns directly to Apple and I encourage you to use the iTunes Feedback page to submit your comments as well: http://www.apple.com/feedback/itunesapp.html Your efforts to share your feedback are very much appreciated.
iTunes Store Customer Support