There are many people that do digital scrapbooking, myself for one. It saves money time and reduces bulk in the scrapbook. Although many people frown upon it, as it is not traditional srapbooking.
If you have a good quality printer, acid free papers, use soy based inks and have a little know how, you can produce some fine pages.
If you become pretty good in Photoshop you can create grommets, fibers, borders, ribbon, stamps and textures among many other various things to embelish your digital page. Otherwise you can buy CD's with these things on them. Example, I just made this chenille yarn and grommets to use on a beach page.
Try doing a search under digital scarpbooking, you'll come up with some info. Simple Scrapbooks recently published a Digital Scrapbooking Special Issue Guide, that is available at the magazine racks.
Have Fun!