When I was a kid (at a Montessori school — no homework) I used my free time to learn programming, tinker with chemistry kits, and read while my public school friends toiled away at homework.
I guess that other kids could squander their free time in pointless gaming or Internet browsing, but there will be a few (or ALL of them, if you buy Maria Montessori's thoughts on the matter) that will use their free unstructured time to learn something interesting to them.