QUOTE(soccermom @ Mar 10 2008, 07:15 AM)

I don't think I'm obsessed with exams, but I do think they're important.
My older daughter (10) is very shy and lacks confidence - as I was as a child. Exams are one way in which she can experience stressful situations before it matters.
Lots of people enter music festivals instead. I think they're more stressful and we have never bothered with those, though she does often play in end of term concerts at our local music school. I think exams are a good preparation for university or job interviews in later life.
I'd take issue with you on festivals here. A good festival will have classes appropriate to the stage the child is at, e.g. grade 1 piano solo. This gives the child a good idea of the sort of standard grade 1 candidates are at, and the atmosphere isn't usually too competitive although there may be medals, certificates, etc. It can be a mistake to enter by age, as there could be some prodigy who makes your child feel terrible, but entering by grade is a good idea.
I think the best things about a festival (if the adjudicator is good) are:
1. Instant feedback. The performance you have just given is commented on while you can still remember it. Good points are highlighted, and you get pointers for improvement.
2. You can learn a lot from listening to what the adjudicator praises in other children's performances, and what he criticises.
3. It's a real performance - people clap at the end, and as most of the audience consists of parents, it's usually a nice experience.
By contrast, an exam is a strange thing. You get no feedback at all on the day, either written or in the form of applause, and it can be quite offputting to have the examiner just say "When you're ready" between pieces! And you have no idea how well you've done, because the only person you hear is yourself.
Why not give a festival a go and see whether you are still as negative about them?