My realistic gifts this year:
Pre Christmas, but for Christmas:
me: Canon A70, Canon i960 printer, some CF, batteries and charger.
wife: Nikon Coolpix 2500, extra battery and CF card.
both: 4 days in Disney (we have annual passes/florida residents) so it's not a big cost.
Christmas:
19-24" TV for the bedroom to replace our 13" that died.
JVC 7 disc DVD changer
Fahrenheit cologne
Blender
Hand can opener
Couch
Small ShopVac to replace our upright and allow us to use it on the cars and save space. (We have all tile here so a 'beater' brush isn't needed)
Random clothes