We live just north of Tampa in a small community called Lutz. We are just over an hour from WDW. We used our points for the 1st time last year (2001). We also bought the FL Residents Seasonal Pass last year (a good deal for FL Res). We went a ton of times (as you can see from my signature) and we also did one day trip. We enjoyed every visit and never tired of it.
We have taken this past year off (since March). We'll buy passes again next year and have our first trip planned for spring break in March (only 3 more months to go).
We truly enjoyed all of our visits last year, however, have enjoyed taking this year off and doing other things (Niagara Falls, etc.) and saving our points. It makes the excitement of our upcoming trip seem more fun by taking some time off. It also gives us the chance to bank our points and have even more fun the year we go (by taking friends/family with us).
We enjoy the beach and traveling all over the place, so for us we do other things one year, then do major WDW the alternating year.
It's like having your cake and eating it too! Best Wishes!