I agree with Thomcat that it's a shame that people think the only chromosomal abnormality being tested for is Downs. The combined test at 12 weeks (nuchal fold and blood tests) is for a range of chromosomal abnormalities, some of which are very, very serious (some incompatible with life). I think a good question to ask yourself early in pregnancy is not, "Would I love a baby with Downs" (of course you would!) but, "If something is detected, would that information be useful to me (because I may choose to terminate, or at least spend my pregnancy gathering information and getting prepared) or would I prefer to do without the worry and just deal with what comes when it comes?"
I'm 41 and 24 weeks pregnant and had the combined test, which reduced my risk factor from 1:43 to 1:842. On that basis, I chose not to have amnio. However, I have now had an abnormality (talipes) picked up at the 20 week scan which, although not a huge problem in itself, has put my risk of chromosomal abnormalities up to 1% and my risk of genetic abnormalities up to maybe as high as 10%. If I'd known this at 12 weeks, would I have chosen amnio? Quite possibly. I've been offered both abortion and amnio and turned both down, but the worry is terrible. Would I have been better off with no screening at all, given there's nothing I can do about the risk now?
Again, quite possibly. But I'm someone who always wants to know, even if it's bad news.
I think what I'm rambling on towards is that these decisions are very individual and often quite difficult and what suits one person won't suit another. Also that the more information you get, the more your risks shift around. Knowing your age-related risks tells you so little about your real individual risks (note how my risks have shifted from 1:43 to 1:842 to 1:10, as they've measured different things at different times). It is a very complex area and I do think first-timers need more help understanding it all.
Btw, termination for foetal abnormalities is legal up till birth, though of course doctors are less likely to agree to it the later you get or the milder the condition. For example, I was offered an abortion up to 24 weeks for talipes; over that, an abortion was on offer if I had amnio and they uncovered a serious chromosomal abnormality.