We just got rid of carpet and had red oak wood floors installed about 4 weeks ago. Since it hasn't been long enough to know how it's going to hold up for the long run I can't comment but I can tell you that I LOVE the wood over carpet. With a dog and 5 cats in the house I'm sure it's going to get more than it's share of wear over the years but I still think I will be happier than with carpet.

At the flooring store they recommended we go with laminate (like Pergo) since we have pets but we just didn't care for the look and hollow sound of it. I know a few people who have it and love it though. It's just a matter of preference I think.