adamk, I can see your point.
Our entire family has really cut back on the gift giving. At my In laws, we only buy for my MIL, period. (FIL deceased) We don't buy for brothers, sisters, inlaws or nieces or nephews. We all decided that the kids get enough gifts from their parents.
We do the same thing on my side of the family. We buy for my mom, I buy for my 3 grown kids and my DH. That's it.
It makes the shopping a lot easier.