The spark for the debate was a proposed Maryland law that would have censored music. The fight for censorship at the time was that music functioned as a means of advocacy for "sinful acts" (the disgust of Robert Novak and John Lofton at Van Halen's "Hot for Teacher" is particularly hilarious). While the music debate does still, occasionally, resurface, it does seem video games have replaced music as the scapegoat for why kids do bad things.
At the end of the interview Robert "bullshit" Novak makes a point with which I completely agree (oddly enough). As a proponent of the First Amendment, it's not the government's job to regulate such issues. However, that's not to say the industry shouldn't regulate itself. Industry self-regulation, when it comes to First Amendment issues, has worked successfully with movies and music. It will work with the video game industry, too.
Watch Frank Zappa on "Crossfire" in 1986 (if, for no other reason, but to watch John Lofton, a man to the right of Jerry Falwell and James Dobson, have to deal with Mr. Zappa.