Thanks for the quick responses, and your honesty. I totally understand what you're saying, I was actually leaning towards something like feather & fan.
The reason I'm considering this instead, is I found out they're decorating the baby room in a jungle animal theme. I can picture a 2-yr old walking around with this, and it being a loved blankie. I'd make it light grey with dark grey trim though, the pink is a bit much (and what if it's a boy?!).
Please continue with your initial, honest opinions.