I've read a good bit of it. I'm in my late 20's so it is concerning to me. I've also recently seen IOUSA and 'Ten Trillion and Counting' (both of which I highly recommend).
If these works are to be believed, the cost of boomers profligate spending will be hoisted onto my generations shoulders'. I do believe we'll eventually get around do doing 'something' about it, and this something will necessarily be a combination of cutting spending, and raising taxes.
I don't personally believe the hype. Taxes may rise somewhat, but I have a hard time believing they'll rise to onerous indentured servitude levels that the authors imply. If they do, there is nothing stopping younger folks from moving somewhere more reasonable. (They site young professionals leaving Uruguay as an example of this).
I do find myself chuckling at the AARP commercials. The mere suggestion of changing our entitlement programs is enough to prompt a blitz of PR spending.