Here's favorite major toys at my house: Marie (an American girl size doll with lots of clothes to wear and hair to style and a bed), Ballet Videos (Baby Ballet and Fantasy Garden--see Kultur.com), Playmobil Victorian dollhouse, the vintage Polly Pocket compacts (from ebay), Jim Weiss storyteller CD's, Dress-up clothes, and Wedgits. My dd got the Marie doll when she was 5.5. The rest of the stuff she had at 5 or earlier and still loves.
My 3 year is getting the Water Wizard by Buddah Board, clothes for her Bitty Baby, and a CD from Jim Weiss.
The girls usually get some books for presents to.
I'm pretty picky about what toys we have, so I usually am looking for educational-type toys (as in imaginative, not computerized toys). I like the Fat Brain Toys website, and Love to learn website.