Yep many have gone down this road, myself included.
Took an oath today that from now on no more buying bows for me. I have enough. Why ? because it's time to buy'em for my son. He just turned seven and out of the blue he asked me for a bow. I was tickled to say the least. Made it to the local archery shop and picked up a Martin Matrix recurve for him. Very nice bow to start out with. Gave him the speech about he better remember to do his homework or else the bow goes to his sister. He took his oath and he drew it to anchor, and the old man was none prouder.