Since the PsyD vs. PhD battle was getting so heated I will share what led me to lean towards the PsyD
* The PsyD degree is awarded only in psychology and only in the "professional" areas of clinical and counseling psychology--not, for example, in subfields like social or developmental psychology. The major difference between the PsyD and the PhD is the emphasis on research. The PhD degree prepares clinical psychologists to be researchers (as well as practitioners); whereas, the PsyD prepares clinicians to be consumers of research (as well as practitioners). Thus, PhD programs require students to take more courses in research design and statistics and to conduct research compared to PsyD programs. In addition, PsyD programs place considerable emphasis on the provision of psychological services. If you're interested in a detailed discussion of the differences between the PsyD and PhD degrees, read the following article:
Scheirer, C.J. (1983). Professional schools: Information for students and advisors. Teaching of Psychology, 10, 11-15.
In general I liked the idea of the PsyD better than the PhD. I have little qualms about taking statistics and learning more about research design (which I will be doing to keep things well rounded) but the real meat and potatoes that excites me is working with people to help them, like therapy has helped me in my life.
That being said, I would one day like to teach, but if all the programs around me are only PhD and not PsyD programs, then I will do a PhD program. My kids would be much older by then and, theoretically, I would have the time to devote myself to it fully. Again, like a previous poster said this is all very far into the future and maybe I would be content with counseling individuals/families, or working with drug addictions... It's hard to anticipate what I will be drawn to as I continue this journey. I just wanted to make sure I started off on the right foot and I believe I will.
On a final note, thank you all again for all your feedback. It really did help me a great deal!!!