It's about time somebody said this (with some empirical support to back it)! I'm 27 and I have a sibling that is 9 years younger. The amount of meaningless praise that my younger sibling got throughout childhood was exponentially higher than I got (and I don't necessarily mean from my parents).

Oh, you graduated second grade?! Let's have second grade graduation! You lost the sports event?! Well everyone gets a trophy anyways! The amount of praise that we give kids for doing things they should be doing anyways is going to lead to a pretty entitled generation. Should we praise kids for an exceptional job well done or for exhibiting good qualities? Of course! But I agree with the article; it is meaningless if you hear it all the time and don't really do much to earn it.