Are you a Lawnmower Parent?

A new brand of parenting just emerged - it's called “lawnmower” parenting. And it's not pretty. Why?
Lawnmower parents act in a way that cuts down any problem that dares cross their child's path. “Instead of preparing children for challenges, they mow obstacles down so kids won't experience them in the first place."
These parents go to whatever lengths necessary to prevent their child from having to face adversity, struggle or failure. What do you think?
Studies show that potential fallout of not equipping your kids for failure (which, let's face it, is a given at different points in life) could be decimating to them later on.
It also could result in a new generation of kids who lack resilience but act entitled 24/7. The worst.
What are your thoughts on this?