Software V-Chip for PC Games?

63N1U5 writes "CBS news is reporting that SMARTGUARD software is releasing a new application that will allow parents to control their children's PC gaming, a-la the V-Chip for television. The new software, called WallFly, uses the ESRB ratings database to determine if a game can be launched by the current PC user, based on the parents' preferences. Parents can also use this software to set limits on when and for how long their children can play PC games."