Great advice from everyone.
I've started doing it the way you said pretty much, Redhawk, I give almost all bottles I drink a chance to breathe (as I drink primarily young reds). I find that the reason I enjoy that most is the learning process (it is fascinating to me how they change!) and also find that almost all my wines improve with it due to the type I am drawn to. I do what spo advised to me on another thread regarding approaching any bottle: taste them first, then continue to as they breathe. It not only improves most of my wines, but is fun to experience!
Thanks for the advice, all.