My older DD is 8 and I'm really liking this age. We're able to have real conversations now, we watch TV shows, play sports in the yard and bake stuff together, etc... but she's also old enough to go off and play on her own (or with a friend) with pretty minimal supervision. Still young enough to be goofy and gullible and think we're the coolest people in the world. No tween/teen attitude/angst stuff yet!
My younger DD is 3 and I'm ready for this stage to be over, LOL.