Friends of mine are going through the same thing now. They just got a kitten, named Jack, and he is a pest at night.
Unfortunatly they both work during the day, so the cat sleeps when they are out. By night he is wired, and won't go to sleep.
I had suggested that they get another kitten, but they aren't in the position to right now.
So what they did was run the kitten ragged for about an hour before bed. They would have the kitten running all around their apartment non stop, and eventually he would be too tired to play any more, and he was better about sleeping at night.
It is true too that they grow out of it. Clyde and Scooter drove me crazy when they were little, they were always breaking things, knocking things over, keeping me up etc. I love kittens, but I think that my next cat will be an adult.