I've got 4 girls, now aged 3, 5, 7 and 9.  I've always loved reading out loud to them.

What have you enjoyed reading?

Doesn't need to be all the kids.  The older ones are mostly off on their own reading.  But I did enjoy reading Stardust to those two recently.

I'm working through Peter Pan, mostly with my 5 yo right now, but so far it might end in the great story / boring read category.

Have you tried any of these books?

The Wind in the Willows by Kenneth Grahame

A Series of Unfortunate Events by Lemony Snicket

A Wrinkle in Time by Madeleine L' Engle

Matilda by Roald Dahl

The Paper Bag Princess by Robert Munsch

Charlotte's Web by E.B. White

Rabbit Hill by Robert Lawson

I agree with Connie, Charlotte's Web is an excellent choice.

Other suggestions are:

The Doll People By Ann M. Martin and Laura Godwin

The Miraculous Journey Of Edward Tulane By Kate DiCamillo

Tuck Everlasting By Natalie Babbitt

Those are a few of my 8 year olds favorites.

I love the Freddy the Pig books.  They were originally published in the forties and fifties I believe but had a reprint in recent years.  I picked up a bunch of them at a used book store.  I've read a couple them with my 3 1/2 year old, but will probably wait on the others until she's a bit older.  It's an adorable series of books about a bunch of talking farm animals and their adventures.  They're great stories for kids, but what I love about them is that there's enough wit in the writing/dialogue to make them an amusing read for me as well. 

Thanks for all of the notes.
I'm about half way through Peter Pan, but it ran overdue at the library, kids loved it.
Somehow I forgot about the obvious connection that they watch the Jack & the Neverland Pirates on TV.

In the meantime, I've picked up The Little Prince.
Much of it is over their heads, but they laugh all the way through anyhow.