My biggest pet peeve about education - and the reason I think fewer kids are interested in math & the other sciences than should be - is that most of the time, there is little to no opportunity for the conveyance of useful or interesting knowledge about how stuff works.
Yes, this is a complicated problem, because it's very difficult to find the balance between illuminating the function of a device or program enough to spark interest and overwhelming a child with too much technical information (so much knowledge is dependent on so much other knowledge and it gets exponentially more complex at every layer), but I really think that if more effort was made to craft useful summaries of how their iPods, PSPs and phones actually function, at least some kids would be more excited about learning the underlying 'abstracts'.
When one has at least a glimmer of understanding about how a seemingly dry subject connects to something with a higher 'coolness' factor, it's motivating, as I'm sure most people here know. Once a student grasps that it will give them more control over the tech tools they love so much (whose underlying operation is usually obscured by their interfaces) to be more fluent in math & physics, I think it might just give them the extra push to pursue those subjects a litte harder.
In keeping with this idea, I also think more schools should teach a lot more software design a lot earlier... just the other day I was helping install a Cat-6 network for a local middle school, and I asked what kind of programming classes they offered kids. The answer? None. I think that really sucks. The technology world would make more & better advances sooner if we would just give young people a chance to peek into it under the guidance of properly-equipped teachers & curriculums instead of forcing those who wish to learn more about it to pursue that knowledge only in their distraction-packed free time. Whether on a PC or via chalk on a blackboard, content that relates directly to the fascinating things happening in the real world is something I think schools need to give their charges a lot more of.