Thanks for all of the feedback so far. After going over people's comments I wanted to throw out the following proposed format to see if people would be willing to give this a shot:
$20-$100 buy in
each chip worth .50
optional straddle allowed
This structure would have the following attributes:
* Largely the same blind structure as we are currently playing. In theory this looks like everyone would be paying one extra quarter per orbit though in practice it will be less than that due to the amount of times that the SB actually ends up playing their hand.
* Having chips be worth .50 will cut down on chip bloat that has increased over the years yet still allow for fine resolution betting amounts like seven, 17, or 31.
* The standard $60 buy will provide 120 chips, a rack and a stack, which remains 120xBB and is still deeper than the usual 100xBB buy in for cash games. That will give people buying in for $60 the same amount of room to maneuver as before as opposed to having only 60xBB in a .5/1 game.
* With the straddle on, the game will largely resemble the .50/1 game which some favor.
* An optional straddle is what we currently have and having a "bigger BB" worth $1 is established territory.
* $100 maximum buy in would basically move the middle/late stages of the evening up to sooner in the session. After rebuys the table ends up having a similar amount of money on the table anyway.
* The same stakes would be used whether we are playing one table or more and everyone would have the opportunity to play with each other player.
I think that the above proposal strikes a reasonable balance of addressing everyone's varying concerns which have been voiced so far. Players who don't want the stakes increased would still get 120xBB for a standard $60 buy. Players who want to up the stakes can buy in for $100 and straddle for $1 and have it play like a .50/1 game. Unless anyone feels strongly that we should not head in this direction I would like to use the proposed structure on a trial basis. Then based on feedback from the group we can either keep the format, revert to the original format, or try a different direction. Let me know what you guys think.