Congratulations! It is lovely knitting for babies, and I think a lot of the older patterns are much nicer than the newer ones when they're tiny.
I'm intending to knit for the goddaughters this year - I don't often, because if I knit for one, I have to knit for both, and my knitting tends to come in spurts! I figure I'll knit a size above where they are now, and then even if I take a while they should be OK.