There have been a lot of pro/con things on these--some nasty some downright funny--but we have always done one. Our family is so far-flung that it is about the only way we can let everyone know what we've been up to--briefly. I have a couple of rules on mine. (1) No downer stuff: illness, accidents, deaths (even pets)--my MIL got p'o'ed because I didn't mention her husband's death nor my father's but I figured anyone who was interested knew that. (2) Keep the bragging to a minimum, i.e. Johnny has graduated HS and will go to MIT next year as opposed to Johnny was chosen mostly likely to succeed, got a 4.0 and took every scholarship and prize at graduation. Basically I tell what my wife and I have been doing, where our kids and grandkids are and invite people to stop in for some free eggs. I also use a lot of pictures--actually more pictures than words-- of things like our grandson with his cello, granddaughter on the soccer field and chicks in the brooder. Having a computer and color printer helps a lot. When I'm done, we always put one in an album which is makes of a history of what we're done each year.