Flooring: Toddler, BOB

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Laminate/Hard Wood Flooring Question

We purchased our home a little over a year ago. It was a speck home so we couldn't make any changes. Well, we are wanting to take up the carpet in the family room and the formal living/dining area (530sq ft area)and add either high end laminate or hardwood. what are some of your likes and dislikes about your flooring? Any advice on what to watch out for, etc....any regrets over the decision you made? We are just starting the research process. At Home Depot laminate was said to be better from a durability stand point and that Hard Wood...