I'm currently making this one from Knitty Gritty for a friend:
http://www.diynetwork.com/diy/na_kni...116091,00.html
Its really cute, really easy, and looks pretty impressive
The pinwheel blanket is cute too, I'm going to start that one for another friend after the heart one is finished. And because this is the crazy Year of Babies for our family and friends, I'm going to make a feather and fan blanket for DH's cousin's baby, who is due in November. I think I'm using this page as a guide:
http://www.bevscountrycottage.com/featherandfan.html