L.M.
Hi E.,
I think all inclusives are worth their money if you plan on taking advantage of the alcohol.
With two kids, I cannot see spending +/-500 a night for an all inclusive, like Atlantis. It is beautiful, but insanely expensive. We stayed in Nassau, Bahamas, at the Nassau Beach Hotel which was right next to the hotel with the casino, pool slide (free), etc. It was 59 dollars a night, yes, 59 a night - beach front, nice, big room, discounted activities through the hotel, ie horse back riding on the beach, day cruises, jet skiing, etc, 85 and sunny everyday...nuff said.
Buses are only a dollar and it only took about five minutes to get downtown. They run all day, and stop at all of the resorts. There is enough affordable things to do on the beaches, etc. that I would not spend the money on the all inclusive. Local business owners are always willing to make a deal.
Meals were cheap! We did buffets at the neighboring hotel for breakfasts and lunches, ($8.95 each) and for two of us, dinners were around 30 plus drinks. Cheaper route - if you would like some cocktails, shop at the local liquor store. Since Bacardi is made right on the island, a big 1.5 liter bottle is around $10.
I am sure all-inclusives have their benefits, but with kids, I prefer the freedom of going where we want, when we want. If you go to Nassau, check out Stuart's Cove!! Awesome water stuff to do with the whole family. It is about a 30 minute drive from down town, but if you book an activity with them, their bus comes to get you wherever you are staying.
BTW - Bacardi factory on the far side of the island - tours and samples. ;)
Whatever you decide, have a wonderful, safe trip. I cannot wait to go back!!
L.