Yup. It's really disturbing. I'm in the same boat. Saw it and other movies when I was a kid.
The glorification of Freddy Kruger is symptomatic of the culture these days. They think it's so cool that this guy comes to kids in their sleep and kills them. Typically it's the non-virgins he kills. I think that E. Michael Jones mentioned those movies in one of his books, Monsters of the Id.