Kidzclub - Phonics Activities (Printables)
Have Fun Teaching - Free Phonics Worksheets - look around this site, they have printable flashcards, and worksheets for other subjects and grade levels as well.
Kidzone - Free Phonics Printables
Sight Word Activities
Games to Make - A variety of printable games, sight word uno, flip it down reading, money game, etc.
Sparklebox - resources for beginning reading - lots of printables - they actually have alot more than just phonics/reading, take a look around and you will certainly find something you like!