Haha wow, okay. Plenty of words going back and forth. I would have to agree about waiting until at least some previews come out before we make any substantial judgments. But since I still have some opinions, I'll throw them out there for whatever it's worth.
And if you don't care about my philosophical bullcrap, then just leave it at that ignore the rest of my post.
What some of us have problems about this is not what the receivers will think about it, but the intention of the senders.
It'd be nice if the world were so black and white, to correctly assume that the sellers have a perverted intention. But come on, it's not that easy. These girls are human beings. A natural part of being a human is understanding your own sexuality, and learning how to express yourself; by how you walk, or the way you talk, or even how you dress--and let's face it, these girls are at that age where it's becoming relevant (when did any of us start learning about sexuality?). Certainly if the producers know there is a pretty penny to be made, there might be a problem with
making the girls wear a bikini. But the girls by-and-large seem to enjoy making the PBs, and show little (if any) sign of being uncomfortable in a bikini.
Besides, there is something to be said about the cosplay fetish in Japan, and I would say if a girl felt embarassed to be seen wearing a costume, those sorts of pictures should be taken out long before censoring any
bikini pictures. And what's to be said if the girls
enjoy being in a bikini? Can we deny them the right to express themselves that way, just because we think "it's perverted"? If anything we should take away the school uniform pictures, because of the perversions the west has about Japanese "schoolgirl outfits". Or maybe we should all be blindfolded when we go to the beach.
To put it simply, these girls are growing up. And we as fans
want to see them as they grow up (it's called
idolizing them, go figure). Sexual expression is a normal part of human maturation, and the producers simply are not bashful about including it. Either way, the fans are still going to buy the PBs.
I've talked about this thing with friends who aren't pervs but can see the same things I see... Having a critical mind doesn't mean having a perverted mind.
Oh and, JUST BECAUSE *YOU'RE* BLIND TO IT DOESN'T MEAN THAT IT'S NOT THERE.
It doesn't mean it
has to be perverted either.
I don't think anyone here is in denial about these photos having
possible sexual innuendo. But unless the girl is explicitly engaged in a sexual act, it's not as if sexual innuendo is the
only thing there is. Someone might have a habit of looking at a bikini photo and thinking "whoa perv material". But I imagine most people don't go out of their way looking for "the perverted photos" to critisize (ie: do you look at PBs as you ask yourself "is this perverted?"). I for one never noticed "the way" in which Risako was holding the bagel until it was mentioned here. And I guess now that image has lost some of it's charm because I'll be reminded of it "being perverted".

For those people that
are perverted--they're attracted to the girl, not the bikini. It's as if taking away all the bikini pictures will magically rid H!P of any perverts...
In any case, I just want to know, when did sexuality (
not intercourse) become so taboo? These girls are at the age where it's becoming relevant; is the photo-documentation of their maturation really so unethical?
Oh, and when Risako's 3rd PB comes out, I'll ban all threads about it coz it'll be just the same anyway. 
I hope you're not being serious about that. I for one will support the continued rule to not post thumbnails of bikini pictures in erring on the side of caution to not offend those who can't handle bikini pics. But censoring even
discussion about bikinis seems too far to me. If the comments are inappropriate, maybe. But I don't see any problem in saying "those pictures were very cute", or even a simple "<3".
Oh yes, and about PurePure. For the uninitiated, it's a periodical that features pictorials of under-15 models, who participate largely in commercial contracts, such as starring in various television dramas or commercials, or being the model for a new product (like digital cameras, family insurance, etc). If you've ever seen an ad in a magazine or online which featured a young girl, chances are she had a partial debut in PurePure. It is far from being lewd.
If it's lewd you want, you're welcome to google any number of current scandals in Japan, involving 9- and 10-year old girls wearing T-backs, or the production gravure videos with girls as young as 4-years old. Go read up on that and then come back and see if H!P's photos bother you any longer.