I really like the Exumas for cruising. You can jump off from Nassau and head to Allen's Key, there is an anchorage there, popular spot, there is an island there that is inhabited by large Iguanas. Very cool to dink or swim over and feed them lettuce and fruit. You can either anchor there or stay at a Marina at Highbourne Cay.
From there you go south, I would definitely stop at Warderick Wells Cay, the area is a large water/wildlife park, they have moorings there, you can go on the island and hike on the marked trails and snorkel right there. On the top of the island is a shrine made up by all boaters that have visited there. Name boards, t-shirts, hats, homemade things with the boats names on them, all sorts of stuff, alot of it too. Bring something with your boats name, should be bio degradable, no plastic.
Heading south from there you can hit Compass Key, very small marina there, tricky to get into, high tide recommended. Nice quite private island, walk to the other side of the island and the is a crescent beach, beautiful!!! You might be the only ones there.
South from there is Sampson Key, great little marina, pristine water beautiful spot.
Right next door is a great anchorage spot just north of Staniel Cay, the islands are called Big Majors and little Majors, you anchor in between them great spot. Around the corner on Big Major (Ithink) are these pigs that live on the island, you anchor or dink over and go to shore and feed them, they are super friendly.
Next stop would be Staniel Key. One of my favorites. You stay at the Staniel Cay Yacht club, they server 3 meals there the food is excellent. Very fun bar, crazy time there.
That's as far south that I have gone. That about half way down the Exhumas.
The other place that I like is the Abacos. Some of the best deep sea, and I mean deep blue sea fishing. Killer sized Mahi, tuna, Marlin, Wahoo. Great place to stay is Marsh Harbor, You stay at the Abacos Beach Resort & Boat Harbor, great place to stay.
Other great spots in the Abacos would be Hope town, you can grab a mooring there, Green Turtle Cay is great, Treasure is beautiful but a little quite. Nipper's Bar is right on the beach on Great Guana Cay, great snorkeling, pool at the bar, great food, buffet on Sundays, order the their special rum punch. On Easter they have an Easter Egg hunt on the reef, you snorkel out looking for eggs, for the kids they bury the eggs in the sand. That was a fun day there.
One thing to remember about the Exhumas is that you have to pay for water in most places and you have to stock your boat up pretty good for meats. You can get milk, veggies, bread but hardly any real good meat. Of course the locals will bring live lobster and fresh fish for you to buy too!!!
I'm going to spend about 2 weeks in the Abacos, Nassau and Eluthera/Harbour Island, good trip planned, do some fishing, snorkeling, swimming, beach.....Middle of March, can't wait for that.
Here is a link to a small gallery of photos I took in both the Abacos and the Exhumas.
I took about 3000 photos on those 2 trips. Too many to post.
http://www.pbase.com/jlefcourt/bahamas_favorites
If you need any more info let me know.
Jonathan