I have also started afresh with a smaller list of just 4 projects too. A birthday, a class working with odd blocks and a wedding shall take care of finishing those projects, with a bag project thrown in for good measure. I'm pretty sure I've made it achievable for the 8 weeks I've allocated myself to get these things done. On my personal list there is one extra UFO added to get to flimsy stage if I have time.
Also (what - there's more? :) ) A friend and I have challenged each other to complete a 'done done' UFO finish per month during 2012. This is a very accountable thing to do as it means having to physically show it to the other person in the LQS - no escape here! The way I have sorted my UFO list now, makes me think I can achieve this. On my DSM, it takes me about a week or so to complete the machine quilting of a big quilt. My biggest procrastination point is the handsewing of the binding, so if I save this for social sewing days, it should happen while chatting shouldn't it?
My gorgeous fabrics and fantastic projects will be far better off being completed and gifted or used.
So, to all of you UFO'ers out there, whether it's scrapbooking, knitting, quilting, woodworking or whatever, raise your glasses with me tonight - New Years Eve - to a toast - UFO Reduction!