Hmm, no. DS's Christmas list, for example, included 5 Lego Star Wars sets. They are very expensive and anyway, I think it would be spoiling him rotten to get them all, so he is getting the one he wants the most (which is also the most expensive one, over 120 pounds) and lots of books. But he's almost 10 and doesn't believe in Santa anymore.
DD, well, we weren't sure about the whole Xmas tradition, whether Santa gets all the gifts or just the stocking, and so we didn't ask her to write a list, but she's only little, 2.10. She's getting a doll, clothes for it, doctor's kit, books, DVD etc, so lots of things, but still within the budget.
I think it's nice when kids don't know whether they'll get the stuff they want and then they do get some of them/the ones they wanted most, tbh, plus a few surprise gifts that they come to like even though they didn't think about them before, iyswim. It would be a bit boring if they knew they would get every single thing on their list, every year, imo.