when i was growing up, we had tiny token presents in our stockings and a main present from mum.
now my dds are 6 and 8 and i would love to do the same thing for them. i find the whole writing to santa thing causes problems, as they then have the expectation that santa will bring what they would really like, not just some bubble bath and choc money!
if santa gets the credit for the main present, then surely you end up buying another main present from you (as parents). this then gets very expensive!