Hey, it's about time! MySpace owners News Corp. have launched a campaign to help parents understand how to keep their kids safe online. Their website, Common Sense: Internet Safety Survival Guide, explains the online world to parents and others who don't yet comprehend MySpace, YouTube, blogs, iTunes, etc.
Yes, this is run by the company that owns MySpace, so you've got to take that into account, but it still looks to me like a potentially handy resource for parents tired of the one-note media fearmongering. It would be great if an objective third party would step up and create and promote such a functional site, but if a better one than this exists, I don't know about it.
Here's an example of the "Common Sense Tips" from the site's page on Online Social Networking:
There's plenty more, along with descriptions of how sites work, and how parents can snoop on their kids if they choose to. I haven't dissected it all yet, but on first glance, I'd say it looks useful.