Nancy D wrote:Welcome, azdisneydvc!
I'm so envious of you DVCers!!
It's on my bucket list...!
So, if you're a DVCer, no matter where your home-base is, you can still go to Aulani and Disneyland with your points??
Can't wait to hear your upcoming trip reports azdisneydvc! 
Yes - you initially purchase points at a specific "home resort". By purchasing points at a home resort, you get to make reservations 11 months in advance at your home resort (depending on availability) and can make reservations up to 7 months in advance at all other DVC resorts (upon availability). Reservations are made by first come first serve basis - I tried reserving a Grand Villa last year for a week right after Christmas through New Years (at the 11 month window) and was put on a wait list. We eventually got the Grand Villa - I think we waited about a month. You can use points at all Disney properties and cruise - they also have an exchange program with RCI and Buena Vista Trading Company as well if you choose to reserve something out of Disney.
My next big project is to somehow plan a trip to Tokyo Disney Resort. Will have to bank and borrow points from my use years. I've been there once a long time ago - just a day trip as we were staying at a different hotel in Tokyo and took the train to the resort.
I guess my ultimate bucket list project is to go to each Disney resort worldwide - WDW, DL, Tokyo, Paris, and Hong Kong.