So to be completely fair, I'd break it up into two parts:
1) Given our current understanding of endocrinology, anything that alters the hormonal balance of children is probably not what you'd call a "good idea".
2) However, if something were to make the behavioral patterns of male children more closely resemble those of female children, that effect might not be bad for a society.
And I'll put forward, hesitantly, that the strong pushback against this idea has less to do with the obvious (1) and more to do with the deeply controversial (2).