Yuletide Woes... indeed

The Lord of the Ringe Online - Yuletide Quests:

Out of all the Holiday MMO items this year, I think LOTRO wins by a landslide. There a great many rewards to reap for doing the yule-themed quests but the quests themselves can be grindy, frustrating and the chance of getting a good item is slim, depending on your luck. However once completed, you can receive special items such as festive yule-themed wallpapers to decorate your player house, furniture such as snowglobes, food-laden tables, candles, wreaths and holiday clothing, dyed in a multitude of colors. You can win a Yuletide horse/pony as well from participating in horse races in Bree and Hobbiton.

The best guide I found for doing the quest is on the forums.
Click Here to read the guide.

Keep in mind that the best way to get all items is to switch between characters, since you can only do the quest once every server restart time (daily). From what I researched, it's best to trade/open your rewards at different times since the rewards seem to be time based. I.E. If you get a coal, do not open your other gift box, or you'll most likely get another piece of coal. If you want the good stuff..better start now! It can take a while to get the stuff you want.

Final Fantasy XI - Starlight Celebration:

This year's new item is the Dream bell, which is basically a wand with a bell on the end of it. It goes along with your Dream Robe, hat and boots. It's a lot easier this year to get the Dream set, but the chance is also randomized. You start off by collecting Bell-themed tokens from astral boxes outside of cities, near the main exits. For more information, please read the following ffxiclopedia guide.

Merry Christmas and good luck!