Here are more deets from Entertainment Weekly:
Last year, MTV sent out a casting notice for a different prospective reality project called My First, seeking young people who were on the verge of losing their virginity. The idea was squashed after generating online controversy. This new series has a different focus — a group of virgins who may or may not eventually have sex. And, no, if they decide to shed their virginity, the act itself will not be filmed.
I'm going to hate myself for watching this. I really am. But TLC's Virgin Diaries was one of the most engrossing programs on TV. It was really dynamite television. If this as-yet unnamed show comes close to the below clip, it'll be appointment viewing.