ooo I like!!! Good choice (bookmarked for laters!)
Shout if you need any help, but lots of great advice on google and utube.
I made a great blanket for my ds, it was just stripes of fabric sewn together (think it might have been in the background of the 'chicks' pictures.) and that was easy and I had so many compliments on it.
Fat quarters do work out pricey tho...try have a look in a fabric shop as sometimes they ahve really cute stuff and quite lot cheaper!