For me, I'm just keeping things simple by inviting a few of my friends as well as my wife's friends over to my home, eat a little, then off to the KTV for some singing (god help me, wife is Chinese so majority of the group is Chinese as well). Then when 12:00 hits, grab your special someone and plant a big one on them. I was thinking about getting sparkling wine, but I am not sure of the quality, so, just settling for beer (which seems to be a better choice of the two quality-wise).
Have fun.