Yes there quite a few things to do in the area it is a wonderful area to explore. If you love older tv shows stop by the ponderosa ranch (Bonanza TV show) as well as casinos in Nevada. Here is the Wiki Page with more info about Lake Tahoe region.http://en.wikipedia.org/wiki/Lake_Tahoe
There are some great restaurants in and around Lake Tahoe, mostly on the west and north shore. On the west shore, West Shore Cafe is on the water and has a great view and food. It s pricey, but it s really good. Sunnyside is a great spot for Sunday brunch or a nice lunch. Closer to Tahoe City, Wolfdales is really nice and Wild Goose is good too. The best steakhouse around is the Old Range steakhouse in Tahoe Vista. For cheaper eats near Lake Tahoe, you can go to the quaint town of Truckee - do some window shopping. The Pacific Crest Grill and Bar of America has really good food. Also, Moody s in Truckee is a really great spot too!Aside from those choices, there are also great restaurants in Olympic Village at Squaw Valley like Plumpjacks. There s a great Irish Pub there too which serves good pub food.Congratulations - let me know if you have any other questions!