Despite my political opposition to Obama, I thought that he understood the culture of the "IPod, XBox era." In fact, he leveraged these tools of 'diversion' in his campaign (and did so very effectively).
This seems to be the knee-jerk technophobic speech that politicians would have given in the latter half of the 20th Century. Instead of being afraid and resistant to technology (which, as we have seen, is unstoppable anyway), politicians should be encouraging the public to put these technological advances to good use. See: David Cameron's TED talk (http://www.youtube.com/watch?v=3ELnyoso6vI).
He highlights a significant point in his speech, as tel says. Being able to deal with all of the information is something that we need to cope with. However, placing the blame on the tools is not the way to go.