I don't like hot chocolate made with purely warm milk. It tastes like goat fur or something, yech. I also don't like hot chocolate that's too chocolatey.* My method of making hot chocolate is similar to Lynsie's, except I foam skim milk and add it to the hot water and cocoa mixture. I like a bit of cinnamon in my hot chocolate sometimes and sometimes Baileys is nice.
*It's just occured to me that I like my beverages watery! No wonder I like cheap coffee and weak tea.