If this may be helpful, I found this in Programming iOS 5 by Matt Neuburg, p. 467:
userInteractionEnabled
If set to NO, this view (along with its subviews) is excluded from
receiving touches. Touches on this view or one of its subviews "fall
through" to a view behind it.
Further more, Apple's Event Handling Guide for iOS says:
The window object uses hit-testing and the responder chain to find the
view to receive the touch event. In hit-testing, a window calls
hitTest:withEvent: on the top-most view of the view hierarchy; this
method proceeds by recursively calling pointInside:withEvent: on each
view in the view hierarchy that returns YES, proceeding down the
hierarchy until it finds the subview within whose bounds the touch
took place. That view becomes the hit-test view.
and Programming iOS 5 by Matt Neuburg, p.485 mentioned that if a view is marked userInteractionEnabled as NO, or hidden as YES, or opacity is close to 0, then the view and its subview will not be traversed by HitTest (and therefore not considered for any touch).
Updated: I suppose it also works this way if we think about parent-child situation in other scenario. For example, in HTML, if there is a div and there are children all under this div, and now this div is set to display: none, then it makes sense that all the children are not displayed as well. So if a parent is set to not interact with the user, it also makes sense that the children do not interact with the user as well.