The last time we were in WDW, we went to every parade. They were one of the highlights of our trip. Our oldest son just turned four and the twins just turned 2, and they really liked the MGM parade. It may be our favorite because it was our first day and it was our first real encounter with characters up close. If you want to see characters this is the parade for you. Our second favorite parade was the one at AK. We almost left before the parade but changed our minds and I am glad we did. This parade doesn't seem to have as many character, but the ones that are in the parade come along and high five and shake hands with the kids. One of the twins just thought this was the greatest thing and to see him high fiving the characters put tears in my eyes. My least favorite was the MK parade. We sat facing the sun and the glare off those large globes that the characters were in made us miserable. This parade route was also the most crowded and I hated how pushy people were. During this parade, the characters stop now and then and invite children out to dance with the characters. We were lucky enough to be in one of those areas where Winnie the Pooh stopped. Pooh is my son's favorite character and seeing him out there giving him a hug was priceless. If I had to skip any afternoon parade it would be MK, but we plan to go to them all again this trip.
Good Luck Planning!
Amy