I think homeschooling is pretty awesome and have seen some really great examples of that in three families that I know. One whose kids are adults now.
Google for home-schooling co-ops in your area. They are a great resource and were heavily used by these three families. Lots of activities, events, sharing of resources and expertise for these three families.
Disclaimer - not a home schooling mama (in my dreams!) and not a teacher so my opinion is worth --- about as much bandwidth as this took to send, lol. >.<