This article reviews the literature on auditory perceptual impairments in children with language disorders. It is suggested that, rather than a higher-order cognitive or "linguistic" deficit, the underlying deficit in childhood language disorders is a perceptual one. The perceptual impairment may consist of a deficiency in detecting acoustic features in the speech wave that normally cue certain phonemes. Support for this hypothesis comes from clinical observations and experimental studies of aphasic adults as well as language-disordered children. The most consistent finding of the studies with language-disordered children has been that they have difficulty making perceptual judgments of the order of rapid sequences of brief sounds, such as synthetic speech and non-speech stimuli. However, these children perceive the sequences more accurately if the duration of the stimuli or the inter-stimulus intervals are extended. This suggests a "rate-specific" auditory perceptual deficit in language-disordered children for rapid acoustic information, such as the distinctive acoustic features of speech sounds. Treatment and future research implications are discussed.