I recently discovered Disney's Vacation Club (DVC as those in the know call it). It's Disney's version of a time share. However, it works quite a bit differently. The owners of DVC pay an up front fee in exchange for a certain number of points each year for the length of their contract. These points can be exchanged for various vacation options throughout Disney.
For those of us who have chosen not to purchase into DVC, it can also be a good deal since DVC members occasionally "rent out" their points. You can typically get a much better deal on a deluxe room this way than going through the normal process of getting a room. Also, you get most of the benefits of being a DVC member during the time you are there. The downside is that it is more like a "home away from home" rather than a hotel. That is, you do not have room service every day.
For more information, you can check out these web sites:
http://www.mouseowners.com/
http://www.wdwinfo.com/disney-vacation-club/index.html
http://www.dvcrequest.com/
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