I really like this name. So, amazingly, does DH, although I have yet to cross-examine him on how much he likes it. (He keeps on going along with suggestions for a few days, and just when I'm getting used to it, he admits he doesn't like it that much.
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There are any amount of Davids in our generation (I'm 37). DH and I know about 8 between us as friends. I've always liked the name a lot and think it's timeless and classic. I'm trying to avoid names that are really popular at the moment, while not ending up with anything outlandish. Quick inaccurate poll: does anyone know of any baby Davids born recently? 
What would you shorten it to if you wanted a diminutive for a baby? Davey? (aka Royle Family, Baby Davey. Hmm) I can't imagine having a baby Dave, somehow. Daves are all 40+! 