DH & I had all the bells & whistles. I think it depends on what sort of people you are. We love entertaining, and having everyone with us, so it suited us to have a big wedding. When we started planning our wedding, it didn't even occur to us to have a small wedding, we both just wanted a big one.
All up, our wedding cost $15k & our honeymoon was $5k. We haven't regretted a thing. We look back on our wedding dvd & photos, and although that's all that remains, we'd do it all over again in a flash (with each other though!!).