I am currently doing this. I plan on ending up with 100 8" blocks, and have 55 done so far.
I'm using cream/white/beige with lots of lace and ribbon embellishments. I'm going for the "antique wedding dress" look to the finished quilt. I collected vintage laces and trims for several years, and probably have 2- 3 times what I need.
I'm using the decorative stitches on my embroidery machine.