Paul Nyhan over at Birth to Thrive reviews Ellen Galinsky's "Mind in the Making: The Seven Essential Skills Every Child Needs." Galinsky, a researcher, has gathered data for eight years on what kids really need:
She came away with seven essential life skills: focus and self control; perspective taking; communicating; making connections; critical thinking; taking on challenges and pursuing ongoing learning. And all of these skills require a key element: your time.
Go read the whole thing, and then buy the book -- I know I will.