You can now exchange bitcoins for paypal at
http://spendbitcoins.com.
Our only request is that IF you are shopping online, you use the affiliate links on our site to get to the shops you are shopping on, and that if we don't have them listed yet, you let us know in the order form so we can get them listed if possible.
If you just want to cash out, no problem. Just think of us next time you ARE shopping online, whether you are using our services for that purchase or not (in other words, you can ALWAYS support us by shopping through our links, you don't have to be using bitcoins to do so).
Happy Christmas & happy spending from the Spend Bitcoins team!
EDIT:
#Paypal disclaimer: If you choose Paypal USD, we will send USD to the email address you list. We pay by credit card, so your paypal account must be set to accept credit card payments and you pay any paypal fees incurred for the transaction, typically $0.30 + 2.9% + any fees for converting USD to your native currency, so you may want to round your order total up to cover these fees.