When I was younger we used to get one gift on Christmas Eve, which was usually a video game...
Same here, even though I don't consider Pong or Atari much of a video game system.
Lately we've had one day w/ the entire family (that was Friday), when my one brother's family comes up from Baltimore. We exchange w/ them only. On Christmas Eve it's my other brother and his kids, and we exchange w/ them. Then tomorrow my folks and I will exchange ours, plus later some of my friends and I. And then w/ other friends throughout the week when I see them. Nice and spread out - eases the pressure of buying/wrapping a little.
Oh yeah - Have a Very Merry Christmas!!