We got about 2 inches in my finished basement. We had a flood last year as well and spent about $1000 drying it out and having our carpet pad replaced and the carpet reinstalled. After this flood we decided we were done with the carpet. My dad came over today and helped me rip the whole thing out. We probably lost a love seat, some photos, and some other small things, but it could have been a lot worse. The ground is still saturated with water though so even though we got rid of the carpet and used our shop vac to suck up the standing water, more just keeps seeping back in. My wife put it all in perspective for me though. She said she starts to get depressed about it, but then thinks of all the people who were affected by Katrina and then realizes how lucky we really were.
Jenny, I hope there was minimal damage to your place!