"I believe it creates a "forbidden fruit" phenomenon, causing drinking problems in later life."
I agree, or at least binge drinking in college. I knew many people who got trashed every weekend until they turned 21 and then barely drank at all a few months after they were legal. If we are going to enforce such a low tolerance for drinking (low BAC, tough sanctions for drinking and driving, laws about not serving really drunk people), maybe we should rethink the drinking age. I haven't seen it making much of a difference anyway.
Also, as far as the forbidden fruit thing goes, my stepmother was a bartender for many years and is a big wine drinker. As I was growing up, I was always offered a glass of wine with dinner and knew that if I wanted some (or something stronger), no one would object to me having some at the house. I've never seen much appeal in getting drunk and most of my friends didn't understand until they turned 21. I kept having to explain that there was nothing special about alcohol to me....I had zero interest. They all were starting to really drink for the first time in college. I had to laugh at the lengths they went to to get alcohol and drink themselves into oblivion. I was thinking, "Grow up! Drink a beer and hang out. Having alcohol at 19 doesn't make you a badass."