TV is bad for youngsters, period.
3D is bad for them physically. Up to the age of about 11, your eyes learn to adjust focus and alignment in step with each other, so that you see a single image (collimated) and a focused one. It becomes hard-wired in your brain. When you watch 3d, the eye does not adjust its focus and alignment in step, and it really badly affects the hard-wired ability to learn this. THe remedial eye exercises that many kids do as part of OT are designed to correct a lack of this ability. The main symptom is an inability to read - the eye can't track the lines on a page and stay focused at the same time. Beyond 11 it's not correctable.
So anyone with kids under 12 - PLEASE stay away from 3D television. The odd 3D movie won't hurt them. (Source: New Scientist)