Golf does need to make some changes to attract youth, but the entire premise of why many avid golfers love the game is what keeps the audience shrinking. The challenge and continued work that leads to improvement. Its not like a videogame where you can significantly improve over a week of constant playing.
I am 23 and a part of the videogame/instant gratification generation and I understand these trends, but to neuder Golf like that would ruin the game. Even the idea of creating clubs that don't fit the rules scares me. There isn't 2 sizes of footballs, or basketballs (other than the youth sizes). Everyone plays the same equipment.
At the same time I don't have any real solutions to bring to the table. Very tough dilemma for Golf, but I would HATE to see increasing the size of the hole or creating easier clubs be the answer.