Having spent the last month reading serious thinkers and observers of the human condition in general, and the political and itellectual scenes in particular, I've actually had trouble getting through this one. Although Generation iY is an accurate (if cursory and superficial) survey of what's wrong with Gen iY, the author's ideas simply don't merit serious consideration.
Unlike Highet, Arendt, Niebuhr, or even Chesterton (all of whose insights are so keen as to be timeless; even prophetic), Elmore offers fluffy pop-psychology -- intellectual cotton candy. The book's most appalling flaw, however, is its utter lack of historical perspective. A little (unnecessary, as it happened) digging into the author's background confirmed that he's a "boomer." The breed, of course, needs no introduction to Gen-Xers, whose "slacking" was a conscious revolt against boomer consumerism, avarice, superficiality, arrogance, and ruthlessness. (David Brooks's _BoBos in Paradise_ provides valuable insight into the boomer mind,so I'd recommend it -- with the following caveat: The tone will positively *floor* most Gen-Xers, and leave them muttering "Get a grip, dude! It ain't all about you...") This explains the lack of historical perspective: The boomers were the first generation whose members were too arrogant to acknowledge that they stood on the shoulders of giants -- and not a few ogres. (Elmore's unconscious reliance on the verbiage of Freud, Marx, Derrida, Boas, and even Nietzsche, for example, starkly underscores the "most educated generation's" unfamiliarity with the sources of the ideas they parrot. For this reason, I'd also recommend Allan Bloom's _The Closing of the American Mind_ as supplemental/background reading).
Philosophically speaking, it's kudzu: a tangled mass of references to diversity, pluralism, emotion, and co-called creativity; in desperate need of an epistemological scything. (Another boomer flaw: The first American generation to rebel against the very notion of an objective, external universe; they seldom if ever questioned the *validity* of their opinions, feelings, and presumed knowledge.)
And yet _Generation iY_ isn't utterly devoid of merit. When read in conjunction with Brooks and Bloom, it's a fascinating look into the minds of the generation that gave us corporate raiders, junk bonds, hostile takeovers, supply-side economics, downsizing, outsourcing, offshoring, etc.; and the minds of their children.
One star for content, three stars for intel value (sadly, the boomers' lack of introspection limits even this).