Love so many of the comments in this thread.
I found Waldorf a couple years ago, about the time my first child was turning 2. I was smitten. I found as many books as I could read and read and read. Our family became affiliated with a Waldorf school and its early childhood program. I too found the homeschooling Waldorf blogs and began to feel as if I didn't measure up. Frankly, I am not a very crafty person, I try to be but I am just not going to be needle felting play food for my kids or making homemade baby doll quilts for them - not my speed and I refuse to feel guilty about it! And I realized that the commercialization of Waldorf is much different from the philosophy of Waldorf. I decided to take what I liked about the educational philosophy and leave the rest. If my child can recognize Dora the Explorer and knows what the golden arches are from the highway, well so be it. The occasional dip into the commercial world is not a terrible thing, in my parental opinion.
I suppose what I found off-putting about some of the parents at the Waldorf school was the idea that your child's fantasy driven childhood could become tainted so quickly and easily by one slip as a parent. Let your child do Disney movie night when you are staying with relatives with children during a holiday? Oh no! Let your child use regular old Crayola crayons and don't bother with wet on wet watercolor painting?! Oh no! It was the idea that children are so fragile that any exposure to "mainstream" parenting would corrupt their brief and magical childhood. And well, I think that is crazy. As if listening to Mozart in the car is damaging for their development! When the strictures of Waldorf as they are portrayed via parents in many Waldorf schools are followed too rigidly I cannot think that is good for children and I do think it borders on cult-like behavior.
We employ a lot of positive aspects of Waldorf in our home life and family interactions. I learned from Waldorf philosophy that it is better for my children if they do not see me as their plaything but as a person in our family who fulfills a valuable role and who does important work, even if that is sweeping, dishes and making healthy foods. I learned that rhythm is so, so necessary for little people and that they thrive on it. I also learned to respect the natural progression of my children's learning capabilities and to avoid "hot housing" them. Preserving early childhood as a time of dreaming, fantasy and free play is much more important than being "prepared" for Kindergarten.
I learned that nature and being able to explore freely - even in cruddy weather - is really important to early childhood development. Messes, mud and surprises found in clothing pockets are not only to be tolerated but to be encouraged! Our nature table doesn't exist because it is the Waldorf thing to do, it exists because we find things outside and dump them on the table for looking at and learning about. We have a few things that anchor the table for the season but I no longer bother with making it a very orchestrated and planned thing - it is organic and changes as the seasons change. We had a lot of plain old gravel on the table this winter because that is what my kids were able to fish out of all the snow. So what if it wasn't fancy quartz or something prettier - it was a treasure they found outside and wanted to collect!
As for the expensive toys, the point of "natural" toys is to allow children to play with every day items that they can find themselves that can play a part in their fantasies. I don't really see the difference in having loads of carved wooden princesses from fairy tales and Disney plastic princesses if they are doing the same job for the child in play - the idea that if you take a plastic cash register and transfer it into wood makes it a more acceptable toy is sort of silly to me. Natural fibers and materials are more pleasurable and gentle on the senses BUT that doesn't mean that a plastic version is poison!
We ended up deciding that for our family, incorporating Waldorf into our home is enough. We are not pursuing a Waldorf school education at this time. Like other educational philosophies, Waldorf can be a perfect fit for many families and children, but it has a hard time dealing with outliers - children who are very gifted or have special needs, children who have slight learning disabilities. My oldest child has always been very intense, very self-directed and very energetic and I feel that she would not fare well in a typical Waldorf classroom. And I'm not sure I'd fare well as an off-beat Waldorf parent in a Waldorf school. The philosophy is really beautiful and I am so, so glad I discovered it and was able to learn about it and alter my parenting style a bit to accommodate some of the more integral parts. For us, that is enough.