I'm not much of a one for Christmas records. Much of the nonsense we get thrown at us is utter shite in my opinion. There aree of course notable exceptions. The mighty collection from Sufjan Stevens (six albums worth) is excellent, Springsteen's 'Santa Claus Is Coming To Town' is brilliant too.
My favourite though is the Christmas album by Duluth Minnesota's finest (no not Bob Dylan). Low have been producing superb material for about 13 years now and in 1999 they released an album of Christmas songs. It included several of their own songs and several cover versions including this fabulous version of 'Little Drummer Boy' which was used by GAP in a Christmas advertising campaign. I think it is wonderful.
Have a great Christmas and New Year.