See this jsFiddle:
http://jsfiddle.net/nathanfriend/vAcpc/9/
It seems that the preventDefault() method doesn't prevent the clicked radio button from toggling (notice that the message always says "This radio button was checked", regardless of its prior state). However, after the onclick() method finishes, the radio buttons snap back to their initial states (except for the very first time a radio button is selected).
It seems like preventDefault() works not by actually preventing the radio button from being checked, but rather by just returning the set of buttons to their prior state. Can anyone explain this behavior? I'd like to be able to completely prevent the radio button from ever being toggled - this way I could accurately check to see if the radio button was checked inside its onclick() method. Any ideas?