I agree - I too am raising 3 girls, but not in a bubble. I am not their friend (and if in doubt, ask my 12 year old). I am raising my girls to be strong, independent, and aware. My 12 year old just finished reading a great book, Speak, about a 13 year old, drunk for the first time, who was raped. She couldn't put it down. She's starting JH in the fall, and if I hear one more horror story about oral sex parties, I'm going to throw up. We talk about sex, why it's best to wait until adulthood, teen pregnancy, and the dangers of STD's.
VS, although I've never shopped their with her (since Target is much closer), sells underwear - my dd wears underwear, and they sell very similar stuff at Target and Kholhs. What is the big deal?
You can't keep them sheltered - the real world still exists. If one wants to shield their child from the horrors of Hannah Montana, fine - I prefer to use shows like this for open discussions on what is appropriate at what age.