We, too, live in NC, about 10 hours from the house of mouse, and my family of 6 has had Annual Passes for the better part of 4 years. If you plan to spend more than 7 days in a 365-day period in the parks , then the AP is the way to go. If you usually spend a week in Orlando visiting other attractions as well as Disney parks, then a 7-day hopper could easily be spread out to cover 2 trips without the 365-day constraint. When we first purchased our AP's we normally vacationed for 9-10 days in Oct., 5-6 days in Dec./Jan., and a few days in Feb./March, so an AP worked great for us. Now, however, we have kids in middle and high school, so missing a few days a year for vacations is not possible. For the past 3 years, we make the trek in late May/early June(depending on how many snow days we have to make up), and again in Oct. This may be the first year we skip late Dec./Jan. because the crowds are getting too big and the folks are too rude. And my husband insists there are 49 other states we could visit(but of course, I do not already have AP's to those attractions!). Now that we are DVC members, we have discovered we like just hanging out at the Boardwalk and Community Hall some days, so we may only spend 4 days out a week-long visit in the parks, like we did on our most recent 8-day trip. We spent 2 days at a waterpark, and 1 day at Disnequest. On one waterpark day, we visited MK for just 2 hours in the evening for the parade and fireworks, and having the AP's allowed us to do this without a second thought. I felt bad for my SIL, though, who used a "plus" feature at a waterpark and a day off her hopper to see the parade in the same day, even though she insisted she did not mind. And I must warn you...you don't really "save" with an AP if you find yourself booking trips you wouldn't normally take "because you already have passes". I seem to have that problem. What I am trying to say in a long-winded way is that having an AP is a way to save if you will most likely spend 8 days in the parks within a year, but not if you normally spend less. I pay (dearly) for the flexibility right now, but in the future it may not be worth the extra cost. As far as I know, the only discount on annual passes is with the DC(and you can no longer join) or if you are eligible for a military discount(basically active duty), and you do save $35 at renewal, but that is with the DC discount, so I am not sure what will happen after 12/03. My experience with discounts has been that you can purchase for family members as well as yourself, but I have always purchased their passes in the same transaction as mine.