I think Christmas lists, by their very nature, miss the point of Christmas They make the holiday about "getting" rather than "giving."
"What do you want for Christmas?" is one of my least favorite questions.
Same here, but people are insistent, which is why I have a list. It's all stuff I'd eventually get for myself anyway, and I end up getting those people gifts, too, so the end result isn't much of a difference.
But it's still nice to get something someone specifically got for you, and to see how someone appreciates what you got for them.
I'm not someone who spends a lot on Christmas stuff or asks for anything very expensive, though. If someone got me a $5 book I'd be just as happy.