"Levi's making some irresponsible decisions right now with money, and with career. I guess his handlers are sort of ushering him into this new line of work, with the porn, and with the things that he's involved in right now. He's a kid who's misguided, and he's kind of lost right now," she said.
Despite the crossfire, Palin seemed to suggest that he would always have a place in the family.
"I'm going to leave it at that, acknowledging that he will always be a part of our family. I can't wait until he comes back on that right road of wanting to be a part of the family in Tripp's life. It's going to be good. At the end of the day, this will be a good experience," she said.
The 2008 Republican vice presidential nominee opened up about the controversial campaign and told Walters that her life "has become a kind of a reality show."
But the public just can't seem to get enough of all things Palin. Her "Going Rogue" book tour rolled into Michigan this week. A spokeswoman for Harper Collins, Palin's publisher, told ABC News that book sales have been so strong that they've had to run more printings -- 2.5 million copies of "Going Rogue" had been printed as of midday Friday.
Despite all the adulation, this woman from the top of the world says she knows where she'd rather be.
"A perfectly happy day would be in my home, with all of my children there, and Todd," she said. "A wonderfully beautiful Alaskan day, where we're outside running, and enjoying all that is Alaska, and then we get to come in and enjoy one another's company -- with a bowl of moose chili."