Yeah, I grew up with something like that too. It was a huge wooden and steel fort. Mostly two, but even three "kid" stories tall. If you fell it was into hard mulch.
All manner of unstable bridges, and tunnels and swings and things. Every so often they'd bring the kids out to paint designs on the fort. My favorite were the ones kids painted in the very adult inaccessible tunnel system made out of reused palette wood. It was rare to come home from a day of playing on it without a splinter of a bruise or something.
The most awesome piece of a 4 story steel rocket ship. It was incredibly tall and once you got up in the top you could rally some friends together to coordinate shaking it and make some of the other kids cry from fear it would topple over. There was also a huge geodesic dome made out of steel piping (and a couple other various lattice like steel tube structures) that were pretty easy to climb wrong and get hurt on. A couple of the structures were maybe 10-12' tall and made of recycled telephone poles, so you leave the playground with a little tar or whatever they treat the wood with. If you climbed to the top, there was usually a comfortable platform or something to rest on.
Any day of the week in summer you could go and there would be hundreds of kids climbing and fighting and fantasizing and falling all over that structure.
Today the playground has a small slide and a small set of very safe and boring, very generic, equipment. I've driven by it quite a few times and have yet to see even a single child on it.
edit oh and I almost forgot. In one neighborhood, our playground was literally made out of molded concrete. It looked almost exactly like this set.
http://www.synthetrix.com/mpe/swisschs.jpg
And it was awesome. Since it was so durable, you didn't feel bad scratching it with rocks or throwing rocks at it. It was rough surfaced too so you didn't want to be too tough with it. And if you fell, it was right onto concrete surface. All the interesting geometries and surfaces made kicking balls, or dropping balls and frisbees and things into the concrete tubes loads of fun.