Wow, I haven't really thought about this yet.
Our son is 4 and doesn't need much and hasn't asked for anything specific yet except a Toy Story Woody doll to go with his Buzz Lightyear. Our baby will only be 9 months old and has all the toys that were his brothers, so IDK about him either. Probably clothes and toys for each of them.
My husband is big into hunting, sports and gaming, so I tend to stick to those types of gifts for him.
I think this year it might be about what is on sale rather than what is wanted unless people start telling me what they'd like. LOL.
What would I like? IDK. Nothing in particular, really. We'd love to replace our HDTV, but can not afford to for a while. I always like getting clothes, books, CDs and DH is good about getting things I like.