If you are publishing a blog that you expect will contain content that is intended for mature audiences, we ask that you provide us the courtesy of reporting your own blog by using the Report as Mature option in the blog menu of your Toolbar. http://en.support.wordpress.com/mature-content/
"Adult" or mature content blogs are allowed but pornography is not allowed.
From the TOS http://en.wordpress.com/tos/
•Post explicit sexual materials that can be considered pornographic, such as explicit images or video of sexual acts or close-up images of genitalia;
•Post links or banner ads to adult-oriented affiliate networks, such as pornography site signups;
•Post links, text, or images promoting or advertising escort services;
•Post images of extreme violence or gore without associated context or commentary;
•Post images of child pornography;
•Post content that promotes pedophilia, such as blogs with galleries of images of children where the images, content surrounding the images, or the intent of the blog is sexually suggestive.
This reply by Markel who is on the TOS Staff at WordPress.com may also give you some insights. http://en.forums.wordpress.com/topic/what-exactly-are-the-porn-standards?replies=9#post-840974