My all time favorite baby quilt is the Pinwheel Baby Quilt. A tutorial by Jodi can be found at the Moda Bakeshop.
http://www.modabakeshop.com/2009/03/...aby-quilt.html
I have made several of these in different colors and they always turn out nice. She has a flickr account for people who have made stuff using her tutorials. You can find a link in this blog post.
http://www.pleasant-home.com/2009/10...stival_10.html (mine is the one with the name "Jordan" on it!)
Good luck and I am sure whatever you choose will be cherished!