It's all about finding the right balance. And when that balance is found (don't ask me how, because I question every day whether we've found that balance with our kids), it can be truly amazing, or at least I think it can. The other day I wrote about my daughters dressing their stuffed animals up as stuffed animals. Other times they'll talk about and create their own science experiments. Other times they are developing their own skills of working together to solve a problem or work out disagreements. Granted, mommy and daddy often have to settle these disagreements, but depending on what's going on with the disagreement, we'll let them work on it for awhile before interrupting.
There's no magic pill to parenting. I wish there was. All parents make mistakes. All we can do is work to recognize those mistakes and do better the next time.