We're also in the same boat, and I've been doing the same thing as BooyahsMomma -- teaching my older son (2.5yrs) to offer my younger daughter (10mos) something in exchange. He gives her a toy or book he doesn't want, and she's usually only distracted for a minute or two (she wants what HE has, no matter what it is). But right now, since she's limited to belly-crawling, that's long enough for my son to take the coveted toy to another part of the house where she can't follow. Unfortunately, I know this won't last for long so I'm going to have to come up with something better.
I have tried to explain to him (and to let him overhear me explaining the same thing to my daughter, even though she's too young to understand) that most toys are for sharing and we all take turns. I give examples of how Mommy and Daddy share pretty much everything in the house (the telephone, the remotes, the car keys -- all of those "toys" that my son really wants to play with). I do allow both of them to have a couple "special" toys that aren't for sharing, just as I don't share my camera and Daddy doesn't share his golf clubs. I let him choose what his special toys are and we put them in a drawer that is just for him, and I've put a couple special toys for her in another drawer.
I've also been known to "time out" a toy because "Playing with and sharing this toy seems to make you very unhappy, so we'll put it away for a bit until we can all have fun with it."
These are just a few ideas -- can't say how successful they've been because it changes from day to day. I'm just hoping that I'm setting the tone for future sharing, especially since my daughter will soon be more mobile. And she's quite persistent and passionate about expressing her thoughts. :)
I too will be keeping an eye on this discussion!