take a look at this thread:
viewtopic.php?t=667
In Parkour some people go by the "90 degree rule" by how far your knees should bend on any landing, including rolls. What I've found is that if you are letting your butt drop down low on a jump or on a roll, you are not doing it as safely as you can not simply because of the angle but because you are either
(a) not utilizing all the different muscles in your legs to cushion the landing, or
(b) you are not strong enough yet to take that landing safely
-> leading to too much shock going through your legs to your joints.
I had a combination of the two when I started doing precision jumps at my peak distance and that was the same time my knees started to feel really bad. Well I don't anymore and I feel much stronger and safer now (part of that is because I was forced into figuring out how to make everything low-impact because of various foot annoyances, but it helped me out a great deal in the long-run). I know some people who allow their butt to drop so low that hey hit their knees sometimes on rolls, you just gotta build up the strength!