I don't have kids but I wanted to comment on the TV thing. A lot of the people standing in line to get the TV's were *just* getting a TV. As in, the whole family agreed they would just buy the $400 TV and then that was it for Christmas, no individual gifts. That makes sense to me. But we are stay-at-home people. We wait for movies to come out on DVD.
I decided to make most of our gifts this year, which is great except I think I have spent as much on fabric as I would have spent on gifts!!! But it's definitely more fun. Actually I should be sewing right now!