My wife and I activated our first APs at WDW in June (the 16th I believe). We'll use them again at Xmas, and then the first few days of next years June trip (arriving the 12th or 13th). How much will a renewal cost (I believe there is a renewal discount), and will it be automatically activated the day after present pass expiration, or when we choose to do so? We will be heading home on the 24th or 25th, so it may not pay us to renew unless we plan to go into the parks every day. I'm not sure if we intend to go again in June of 2005 which is the soonest we could return (used up all the points for 2004, and may decide to bank most or all 300 of our 2005 points for a retirement trip in 2006). If we do decide to return in June 2005, it might be better to wait a few days after present AP expires before renewing (if that's an option). Then we get "more bang for our buck". If this makes any sense, and you have any answers or suggestions, I'd appreciate a reply. I just read over this post, and I'm not sure it makes any sense to me anymore!