I've done something like this for my younger children, about age 3 to 6. I trace my hand so it's bigger and 'I' am giving them a helping hand. Also, draw pictures for pre-readers. High Five Morning Routine for Kids!
What I won't give my kids for Christmas this year. Follow up post by the mom who took all her kids' toys away--a must read for any parent who is overwhelmed by the expectations and commercialism of the holiday season.