It isn't that much work if you use the Rings that Bind method & arc tool by Cheryl Phillips. I plan to make a king size one for my son & his wife.
http://www.amazon.com/Rings-That-Bin.../dp/0967789443 There used to be a tutorial on HGTV's web-site. If you all ready have the arc template--it's pretty easy to figure it out. I would use the smaller one for a baby quilt.