Very true. And I continue to be shocked at just how quickly things have changed. I had all sorts of toy guns as a child, and most of them didn't have any goofy orange markings on them. Nor did anyone ever mistake them for real guns - they were made of PLASTIC and had "GI Joe" stickers all over the side. It was all normal kid stuff.
I even remember bringing my plastic toy "Davy Crocket" rifle to school for "Texas History Day" in 3rd or 4th grade. Part of the assignment was to pick a famous hero from Texas history and come to school in costume...well, half the class showed up as either Davy Crocket, Jim Bowie, or Sam Houston and we all brought our toy guns or plastic Bowie knifes as part of the costume. Nobody thought anything of it more than harmless fun - not the teachers, not the students, not the parents.
Nowadays if a third grader shows up a school with a transluscent neon green squirt gun, they'll have him cuffed and in the back of a police car the second he steps foot in the door.