I finally finished it!!!! It's really easy to knit up, I made it complicated of course, but it's really easy to do. I'll post the pattern soon, but for now it's basically sead stitch on all sides, with stockinette stitches in the between w/ three cables knit up with two different yarns knit together.
Pattern can be found here: http://www.knittingpatterncentral.com/patterns/sunshine_cable_baby_blanket.php
thumbnails (you can see them in detail here http://public.fotki.com/enigm7a/other_crafts/knitting_crochetting/):
(edited 3/18/07 to include pattern)