I think that was gavinlynch's point: there's got to be some kind of discipline, but a felony is insane. And by discipline, I'd imagine something like what happened to you would be reasonable.
"Ok, someone could have gotten hurt. Be more careful next time, and now clean up your mess!" With the severity of the lecture following the actual damage.
Kids should be encouraged to involve themselves with the immensely powerful forces so easily available today - but they've got to fear it (as in respect it). They need to know how destructive it can be, and then _harness that_. That's my $0.02 on it.