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For those who say it wouldn't be their kids, I bet the parents of these kids didn't know either.
And kids will find time and opportunities to be alone with people of the opposite sex, whether their parents think they do or not.
I think well balanced children from stable backgrounds will usually wait till a half way decent age IMO anyway.
ETA- the 60 minutes link- 60 minutes Edited by i-am-woman, 21 April 2008 - AM.
It is a bit like everything though, you will always get the exception to the rule, I am sure the majority of 12 years olds are not having sex.
Not one of the people that I know had sex somewhere they weren't allowed to be.
They did it at a friends house, or behind the bushes at a party, or in a car....