Northern NJ here. Right in the path (so they say).
Luckily I'm on a hill and above the street level so I watch the water rush past my driveway without worrying about flooding. Trees, on the other hand, make me very nervous. There is a row of pines on one side of the house and a mighty oak on the other, all quite capable of doing major damage. Not much to do except hope for the best.
We lost power from Irene last year in August for 4 days. That was a piece of cake for us- moderate temps, cooking on the grill, light until 8:00. (Unfortunately, the center of a nearby town was completely flooded. The businesses just got back on their feet early this year. This storm could completely ruin many of them.)
Exactly a year ago we were hit by a freak early snow storm which brought down trees and branches. We lost power for 5 days. That was a lot worse for us- it was cold and got dark at 5:00. We used the fireplace to keep warm but that got old pretty fast. We had just decided to go and stay with my mom when the power came back on. We're going to try to brave it again this time - moved the firewood to the porch just in case.
Yes, it should be lots o fun!