You don't need to read this book because the title says it all - your suspicions are correct, the Internet is NOT very good for our minds. The book charts the course of human cognitive development that parallels (and perhaps follows) the development of media technologies from Sumerian tablets to Facebook.

2:42 What the Internet is doing to our minds
6:35 Distraction
11:42 Mindfulness Practice
12:55 Dual N-Back
17:09 Reading Books
20:50 Brain.FM
24:19 Take Smart Drugs
26:20 Writing
27:50 Brain Rehab Protocol
31:47 Time Commitment
32:40 On Memory
35:37 Reading Comprehension
37:17 Decision Making
41:27 Multi-Tasking on the Web? Don't.
42:27 Videogames?
47:39 The Internet is making everyone stupid. Why that's a good thing...

All Science References & Sources
http://www.limitlessmindset.com/books/537-the-shallows-book-review
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I'm not a doctor, medical professional or trained therapist. I'm a researcher and pragmatic biohacking practitioner exercising free speech to share evidence as I find it. I make no claims. Please practice skepticism and rational critical thinking. You should consult a professional about any serious decisions that you might make about your health.