My 2 cents:
Find a place with a glacier. If nothing else, you will be skiing. Remember, it is preseason in the Alps. Glacier skiing is not the best, I know, but it is skiing. You have one month, some 30 days. If you wish to ski all 30, and I hope you do, then this is a solution. Should the snow fall somewhere, go there.
Saas Fee and Zermatt have a glacier each. As for Saas Fee and Zermatt, should the snow fall there, you scored. Both are excellent resorts. Over the other side of Zermatt is Cervina (you pay extra). One weekend last year it scored while Zermatt suffered. We went to Cervina for a day of waist deep. Well worth it.
Accommodation in Saas Fee should be a bomb shelter. Smelly, dark, and cheap (by Swiss standards). The Hotel Derby has one, 35 CHF/night, as does a bakery and another hotel (names if you need them...I need to search).
Zermatt has 2 hostels to note. One is the government hostel, very nice, good food, clean. It runs about 50 CHF/night (check that). Not cheap. The other is a private one, the Matterhorn Hostel (or something like that). Not as nice, not as expensive, not as clean, and skip the breakfast opting for store bought food. More like 30 CHF/night (check that too). Bums like me stay there when on budget.
Check out train pass options in Switzerland. You might find a good deal for a month. The 1/2 price pass is a good one. I think it comes with first and last ride free (i.e. from and to the airport). Full price is ridiculous here.
I agree with everyone's input so far.
TelePath makes goods points. But TelePath, where were you in Dec '98? We were piled high with snow here Swiss French Alps! I remember on 18 December skiing waist deep at Isenau (next to Les Diablerets), a small resort that was the only one open near us in the early season during the week. I agree with what you're saying, some places get hammered, while others might be dry. Seems '98 was one of them. And our November was spectacular! However, I also remember rain to over 2200m sometime after that 18 Dec storm.
All hail Hicks on his French strike point. I was gonna point that out. Someone will be threatening strike, and it might affect travel.
The small resorts are the places to be during the holidays. If you find your way near me (Leysin), let me know and I can offer some small resort ideas. Ones that kick ass without the lift lines and for a cheap ticket. Of course weather will be the deciding factor early on.
Think 30/30!
Ski, Bike, Climb.
Resistence is futile.
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