I'm in the same dilemma. I finished my doll quilt swaps last week and a bow tucks purse yesterday and thought, "what now"?
So I made a list. Of course at the top is the fall table runner for my partner, Farmer's Wife quilt blocks (I am trying to do 5 a week), another Bow Tucks bag, a City Girl bag for school, finish restoring my Singer treadle, 34 more pillowcases, 2010 BOM's, and this is before school starts in three weeks. Then I have decided to make Christmas gifts this year as we really don't need anything but want some nice handmade items.
I also keep track of the swaps I am in here so I don't get overwhelmed or underachieved. I am trying to limit myself to three swaps at a time and have several projects going at a time as I get bored with one project so this way I can change back and forth at will.
Hope this helps.