Well, since we apparently are picking nits, X-mas or Xmas is not a politically correct term. First, the letter X is simply referring to the first letter in the Greek word Χριστός (or Christ),And second, the term dates back a few hundred years.
So, in a very literal sense, Xmas does not take the Christ out of Christmas. The X literally means Christ.
PS: I'm in. I've set aside some credits for the event.