Hi All,
Sitting high (too) is a no-no.
In layman's terms, it throttels the bloodstream in your hammies.
Infero was wrong too, it's really hard to get your legs parallel to your body, you have to be damn flexible to achieve this ha-ha.

(Of course I know he meant perpendicular!)
Have a look at our idols!
Vinnie sits real low (too?)
Most sit with the thighs under a slight downward slope.
It also depends on the seat of the throne as Tainojim so rightfully remarked.
A hard edge on the front of your seat forces you to sit lower, a very comfortable saddle-style seat allows you to sit a bit higher.
It also differs when you play mostly heel up (like, me) or heel down.
Cheers and happy drumming,
Harry