I see that newly released Domaine Chandon’s Yarra Valley Pinot Noir 2012 is a mere 12.5% alcohol. It reminds me that Coldstream Hills, back in the days when James Halliday owned it, produced some Pinots of 12.5% alcohol. And I recall Jancis Robinson reviewing them positively and noting the low alcohol with a statement along the lines of “good on them, Pinot Noir isn’t Grenache”.
I’d encourage a few Kiwi winemakers to take note. There are quite a few 14%+ fruit bomb Pinots coming out from the South Island. They remind me of young Australian Sparkling Shiraz without the sparkle.