There is always an opportunity cost to everything you do, so you can never get all the benefits while avoiding all of the drawbacks; but having been around a while, you get a sense of what's really good and what's not. So you don't need to mess around with every new "technology" and learn from those mistakes, when you can be selective, mess around with better ones, and learn even more valuable lessons.
One of the biggest barriers to learning is psychological resistance. Learning to overcome that is a skill that improves with practice as well. So even assuming our brains aren't as spongy anymore, we learn how to direct them better and can still get as good or better results than when we were less selective and soaked up information indiscriminately.
That makes little sense.
If you're experienced enough to avoid a mistake, you have learned that lesson, and that's why you don't repeat it.
This is one of the few points anyone's made in the whole age debate that I agree with.