Yes, it's true: Spongebob Squarepants is.... percieved as gay. And he's popular with children. So the anti-gay right is going to make him a target. Didn't they learn their lesson with Tinky Winky? Didn't anyone learn anything from Quayle's Murphy Brown debacle? They can't even get their facts straight (so to speak) about which websites they object to: Shoot first, check facts later.
It's tough, taking on media -- look at the Passion of the Christ debates -- but you don't see Jewish commentators taking on VeggieTales, do you?
Update: David Neiwert has, as he so often does, a deeper reading.