Just chiming in with my current "status"..... I started scrapping when DD was born in 1995.... did her first 5 months or so and then stopped dead. Fast forward to late 1998 after DS was born. Decided it was time to get back into it. Did the first few weeks of DS's life and then stopped dead again (maybe it had to do with having two babies at home!).
Jump to late 2001..... decide I REALLY need to catch up! Start working on first year albums for each child. Those first year albums are complete, done, finished. Take trip to WDW in early 2002.... finish scrapping that in late 2003. Take another trip to WDW in 2004.... just finishing that now!! Meanwhile take a 10 day trip across the Southwest, including
Disneyland.... haven't started scrapping that yet! And then an 8 day trip to Washington, DC (whole family) and a 5 day trip to St. Louis with DD in 2006..... YIKES!
I am slowly trying to "catch up" with the early years of my kids lives while staying somewhat current with our Disney and other vacation albums. Keep in mind, I do a FULL album for each child for each trip and a full life album for each child simultaneously.
I am probably going to finish the 2004 WDW trip albums this month. I am caught up to September 2001 for DD (with a few stray pages done for 2002 and 2003). I am caught up to September 2001 for DS, also with a few stray 2002 and 2003 pages. But as the years go by, the kids get busier, and there is more to scrap for each year!
Right now I am concentrating on doing the "important stuff" such as holidays, 1st day of school, sports, family vacations. Later when I am "more caught up" (ha, ha) I will have time to go back and do smaller, day to day events.
This systems works for me because I am fairly ANAL about working in chronological order. And I am finally at the point where ALL of the photos I will be using are digital, so it will be much easier to make the copies I need to scrap. I am SO tired of having to go through the regular photo albums and find what I want, pull it out, scan it and print it or take it to a photo shop to be printed, and then file it back into the photo album! What a chore! It is so nice to just pull the pictures up on the screen and either print at home or order them online!!!
Anyhow, everyone's definition of "caught up" is different. I figure when I am 6 months or so away from being current, I will consider that caught up!..................P
Most of the photos from the first few years of my life are priceless because many of them are me and my grandfather. He passed away when I was six and was a big part of my life. Most of the photos portray the closeness that we shared and are amazing! 
There are also lots of pictures with him and my brother as a baby. He passed when my brother was too young to remember him, but you can see their bond in the pictures as well.
I didn't even spread out to a two page layout! I've found that by cutting way back on what I scrapbook I stay caught up much better, save money (by scrapbooking less), and don't end up with a scrapbook library that takes up an entire room of my house.
