My argument for only two video game ratings

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I believe that the current system should be simplified and that only two ratings should exist. 

Most video games currently fall under one of three categories:

E for Everyone

T for Teen

M for Mature

Some exceptions fall under AO (adults only) and others the everyone 10 and up ratings.  AO should remain under the same guidelines that exist now and be a very, very minimal group of games that barely exists.  Everyone 10 and up should be gotten rid of completely.  Children can handle a fart joke, the image of someone smoking a cigarette, or anything else that is the reason for this rating.

Lately I have been seeing plenty of things being written about how the PS3 and 360 are the coolest systems in the eyes of teens.  It is well known that both of them have a higher percentage of M rated games in their library when compared to the Wii.  Should the M rating actually be a T rating?  I argue no since some young people in that age group don't care for those kind of games at all, believe it or not, and some people past their teenage years play M rated games.  Hmm... This is a conundrum in which I shall return to later.

Percentage wise,  the Wii is definitely the system of choice when it comes to gamers in their thirties and older.  Would this make the games that they play be labeled M for mature?  Wouldn't this be a problem since they seem to be enjoying the same games as children and that those games under the current system are being rated E for everyone?  Also, as I said before, some people in this age group play games that are rated M.  This is yet another problem that needs to be addressed.

What about games that are currently rated T for Teen you say?  I say that they should stop riding the fence.  Either make your games more appropriate for everyone or throw some chainsaws and machine guns into your games. 

Originally, I was saying to myself that these labels should be applied to the age groups the generally play the games.  This would make two ratings.  The new E+M label for everyone and mature and T for Teen, but after careful reflection and rigorous thought I realized that these are generalizations.  Also E+M would be a very lame looking rating on a video game box. 

On the other hand, I do like the way that E looks on a video game box and I like the way that M looks as well so I figure that those should be the two ratings that we go with, but maybe they should mean something different.  E will now mean exclusive to the Wii and M will mean multiplatform for the 360 and PS3.  Those aren't generalizations, are they?