I am an RN and Masters degree student in midwifery. The official answer is that ultrasound is safe. However, although FDA says ultrasound is safe in unlimited amounts for medical purposes, it does discourage the use of ultrasound for entertainment only (3-D/4-D stores). FDA cites tissue changes and unknown long term effects of ultrasound as reason to avoid excessive ultrasound exposure. (http://www.fda.gov/ForConsumers/ConsumerUpdates/ucm095508... ).
http://www.eurekalert.org/pub_releases/2005-08/aiou-tar08...
http://www.marchofdimes.com/professionals/14332_1167.asp
Currently the FDA is investigating a link between multiple (>2) ultrasounds and autism and/or cerebral changes. This is information that was given in a lecture at UIC from an epidemiologist who works at the FDA. I couldn't find any info about it online but we were briefed in detail about avoiding excessive ultrasound use.
Keep in mind that the doppler device that most doctors and nurse-midwives use to listen to the heartbeat is also an ultrasound so that is even more ultrasound exposure.
I have never heard of an ultrasound because baby is low in someone's pelvis. I would be leery of extra ultrasounds because they often "find" problems that are not really there, resulting in tons of additional visits/ultrasounds and not improving anything. I think doctors who have in-house ultrasound especially overuse ultrasound because it's convenient and finanically beneficial to them.
Good luck with your pregnancy.