or Like this one? http://resipsaknit.blogspot.com/2006...e-blanket.html
that one is knit from outside in, but could do similar look by using this http://www.knitlist.com/98gift/samplerbabyblanky.htm
which is done from centre out, leave out fancy stitches and change colours as desired to create the effect you want.
Here's one in rectangle, centre out in similar style.