That about sums it up - my DS has just turned 1 and is not saying anything yet. He babbles away and does say 'mama' and 'dada' but it is just part of his babbling and not specifically at me or DH.
I keep reading (I know I shouldn't) about how, at 1, they can usually say at least 1 word in context so please tell me that it is ok that he can't.