AloneinOH, you have a similar story to mine. About 15 years ago, all the 12-15 year olds in our cong were doing the cool thing of getting baptized. There was joy abounding, lots of fancy custom leather bibles and engraved Cross brand pens going around. It felt like graduation season whenever an assembly came around. I refused to jump in the water with everyone else.
Well, now its fun to sit back and watch. (actually its sad). I hear of all the folks I grew up with... lets see here, one pregnant without benefit of marriage, several who "fail to thrive" in general, a few drunks, some married and divorced. Every one of them risks "getting caught" and being DF'd for living pretty standard lives. Several want out of the bOrg, but cannot make the step as they will lose all their friends. And, here I am, still a Christian (acording to my own bible) and never have to worry about getting caught at an R-Rated movie, at the package store, enjoying a sports event or (heaven forbid) doing outdoor choures on Saturday morning! I even invite friends from my old congregation over to my house, and they have a great time!
So, to answer the original question, YES, I was truly aware of what baptism WOULD have meant to me, it would have been a life sentance to guilt and fear, and I am glad I need not worry about it.