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I will admit... flashy cars make kids do some stupid thing -- that's without a doubt... but from experience, it has taught me a thing or two on being responsible, reasonable (within limits), as well as enjoying the pure thrill of driving on its own...
It was a present for getting into my school early--on top of getting a tremendous amount of scholarships (athletic/academic) in a pricey school.
I mean, if you believe in your kids, it's a great start to fueling their love of driving...
Personally, when i turn into a parent, I will probably be getting my child (son) a reasonable sports car provided they do well in school... One slip, better yet, two slips, and the car's going to turn into my toy (lol).
Cars like RSX's, RX8's, TSX's, GTI's, Accord Coupes are great choices IMHO. This is because albeit those cars are somewhat underpowered, there's room to play around (fuel creativity), in addition to being nifty little [well] handling cars.
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