Just wanted to reiterate the Cyprus idea (Jeremy, please don't tell me you didn't see it coming). If it's there, I'll take care of administrative stuff (hotel, conference rooms, etc.).
Shachar,
I have issues with Cyprus. First, it's a minimum of two transfers and 16 hours on a plane for me to get there. Second, it's more expensive ($1000 instead of $600) for a ticket, and once I'm there, hotels are more costly.
Second, no one of us lives there; at the very least, I want to go somewhere where someone I know has wandered the neighborhood and can vouch that there are a mix of different hotels and a nice collections of bars + restaurants.
For me, it will also be more challenging to tell my wife I'm going to Cyprus than to some more pedestrian place <grin>.
Now add $1.74 to that $0.02, and you've got a cup of coffee.
Cheers,
Jeremy