It's reversing a little today against the European currencies. Unfortunately, Marc, the yen is getting stronger again. The "yen carry trade" is the culprit according to CNBC.
We are more inclined these days to focus on the lesser-known destinations. A side benefit to that decision is the $$$ has declined less against most (not all) of those currencies. On the way to looking things up for Antarctica, we came across a number of wonderful places in Argentina. We still want to do the Galapagos and I want to return to Cuzco and Machu Picchu in Peru. Chile is loaded with great places to visit. We are focusing more on Africa and Middle East/ancient sites. Greek Islands, maybe Libya, Morocco, Jordan again, Egypt again, other emirates in the United Arab Emirates all sound good for 2008 - 2010 travel outside the US.
We will, of course, still head to Wimbledon if the ticket gods are looking after us. The cheaper airfares compensate for the hotel $$$$$$$ prices. Either that, or use points to pay for the hotel rooms.
I heard there's a great place for friendly LCTers to bunk in Tokyo if Marc & Mrs. Marc are in residence .. ;)
Finally, the Tahiti flyer prices look very attractive for the PG with Susan.
Cheers, Anne