I think it's a horrible idea, really.

It goes back to the fact that PARENTS need to be PARENTS, not rely upon someone else to do so for them. All this is doing, IMO, is promoting promiscuity and sexual activity among an age group that has NO business whatsoever being sexually active. Of course, like you said, you do hear of quite a few cases where it's too late to prevent it, and with the situation like it is in many homes, many parents and families either can't or won't put a stop to it.

I also feel that if they so choose to put themselves in said situation, they should either accept the risks like a more mature person would, or go through the proper channels with their parents. I agree, too, with the fact that this opens up the STD issue, with them not being educated in the matter you're right, I think we would see a lot of cases of middle school aged girls with STDs, and they think that because they're on the pill, it's the end-all be-all protector from everything.