The really sad part of this whole incident is as many people have already said that he is being rewarded in a way buy getting his 15 minutes. Personally I think his parents should be held accountable and he be treated as a young offender, at his age he is considered to young for any type of incarceration.
I think he is very lucky, if he were a teenager (under 16), things would have gone very differently.
This is what they should have done, at least it's entertaining! Warning this is for entertainment purposes only, do try this at home!
http://www.youtube.com/watch?v=HPENzKOmOl0