Bry: I'm referring to swaer words, sexual innuendo's, sexual references etc etc.

And that's where the trouble starts. You might consider something to be a "swear word", while I would find moderating such a word overprotecting. Or vica versa. The same with sexual references. Some people believe it's better if children don't even hear or read the words used for certain body parts. While others think that such restrictions is bad - because it gives the impression something is wrong with it.

I see your point re having a board for kids as asking for trouble

Actually, that's not what I said. I said that having a moderated board is asking for trouble. And then I don't mean moderated in the style current boards are moderated, which basically means trying to keep the discussion on topic and people to behave, but moderated as in "deciding what's 'good' or 'not good' for the children".

perhaps the very young should be accomodated accordingly and be responsibly looked after by trusted people

I think the (very) young should be looked after by trusted people: their parents/guardians. I don't think it's up to a game site to fill that role.