I don't feel it's the place of the FCC to enforce such regulation, especially since they've only limited it to swear words and nudity while allowing incredibly graphic violence. Each station, broadcast or otherwise, has the right to air the content they want, including restricting nudity, swearing, violence, etc, and I know there will be stations that restrict such content.
Swear words are just that, words. It doesn't matter if you say "We are so fucked" or "We are so humped", as they both mean the same thing. Kids hear such words off of television as well, either from hearing conversations a the mall, the playground, the bus, or the classroom (even assuming their parents and siblings aren't using them at home).
As for nudity, well, part of the reason the US has such a hangup on it is because we're so prudish that it's held to a high taboo. Which, interestingly and understandably, leads to exploitive near nudity for adverts because our society has made it into a forbidden fruit.
For those that feel we should maintain enforced restriction, I ask this. Give a solid reason for the benefit of keeping swear words and nudity off the air that is not rooted in religion or personal preference.