I don't know about anyone else, but this sounds like a recipe for serious cabin fever to me. This week, my article in the Spencer Magnet is devoted to finding things to do when you're cooped up inside.
Read Making Memories: Turn Snow Days into Fun Days for Your Kids at the Spencer Magnet.
Other sources for ideas:
The Creative Family by Amanda Blake Soule
Unplugged Play by Bobbi Conner
Things to Do in a Blizzard, Or We're Bored @ Fun Mama (shameless plug)
Candy Making With Kids @ Fun Mama (oops, there's another one)
If you have a great idea for ways to combat cabin fever, share it in the comments!