After reading the last two issues of Ultimate Spider-Man, the Once and Future Squid and I both came to the conclusion that Ultimate Mary Jane and Ultimate Peter Parker finally made their first attempt at making an Ultimate Mayday Parker.
Punchy disagrees and feels that Peter did not stop by MJ's house to play a game of Shoot the Web Fluid into the Vagina with her but rather just to hold hands in her bedroom. However, this doesn't mean that Punchy is a prude (he's all about the intercourse, in both comics and real life), it just means that he believes there's no possibility that Peter hit the jackpot.
So which do you feel is the correct interpretation of events? Remember, this one is for all the Internets!