I rarely rest for too long between tournaments. Usually, I take part in at least one competition a month. This approach has both advantages and shortcomings. The benefits are that playing regularly keeps you in good trim, offers chances to earn money and boost your rating. On the other hand, each chess player needs to take breaks from time to time in order to think over his Chess Way, spend some while studying productively, and just get a life!
I hate long gaps between tournaments. This dwells on my nature - I'm a player to the bone, who likes to feel the atmosphere of competition and chess struggle. Diligent home studies before playing in an event appeal to me much less, "maybe yes, maybe no".
Currently I'm having a rest, which will probably last until the end of June. It's very hard to make plans since the information on upcoming events is rather inconsistent, and I'm still waiting for news about Urals Cup-09 super tournament. I've also got university exams and private matters to see to.
Anyway, right now I'm as keen as ever on the latest chess news, so if you have any questions or topics you'd like to discuss - feel free to ask! I'd also be happy to hear your advice on improving and expanding the website.