No surprise that fewer and fewer parents are seeking out the original versions of fairy tales because they are not PC enough. Better than the article though, is BookNinja's thoughts on this:
Guys, if my kid isn’t lying awake in bed each night, staring at the ceiling and thinking of what he’s just read or been read, then we’ve got the wrong books. Though perhaps the HP Lovecraft was a little early. I jest. Don’t call the cops. Seriously though, he’s scared shitless of Medusa. And who can blame him. So beautiful, so snakey. The cyclops too. And I think that’s a good thing. It’ll teach him to keep away from giant, deformed fellows. And around these parts, you never know.
(Have I already said this year that you should make Bookninja required daily reading?)