I completely understand what you are saying about hard work on a baby knitting project. The first baby blanket that I knit I made it in individual squares and put them together in rows and columns and added a crocheted border. That took about a year to make and it ended up being so big that it will probably be given to me by my mother when I have kids (which is at least 5 or 6 years down the line). It is very beautiful and the hard work paid of. It is made from Caron Simply Soft Baby Brights.
my name on Ravelry is Eowyn1
otn- a beautiful turquoise blanket in moss stitch (for previously mentioned cousin's coming second child, due late july 2012)
FO- a few hats in the round(just taught myself to join without twisting)
to try next- an entrelac blanket with yarn someone gave my mom
something else fun- making a blanket in the round