I did end up making apply syrup out of my overstock of apples.
I blended eight apples (only 4 were peeled...I have the world's crappiest peeler), with 1 cup of water. Then, I strained it through a cheesecloth. The amount of liquid drawn out was 2 cups worth.
Then, I added 1 cup of sugar and put it all in a pot on the stove. Took to a rolling boil, then reduced to medium until half the liquid boiled away.
The resulting syrup was thin (slightly thicker than pure maple syrup), tasted a bit like honey watered down with a touch of apple juice. Actually, it was pretty delicious. I had it on pancakes and I found I preferred it to maple syrup. Had it in my tea and coffee as well. Not bad!