Well, I think it kind of depends on the baby. Ds1 LOVED to co-sleep( he's 3.5 yrs old and just recently switched to his own bed) but Ds2 has never cared for co sleeping and really likes his own space. However, his crib is still in our room.,
Should I let my family buy me a crib? - Page 2
We were given a crib and cradle and a woven baby basket. Had them all set up and ready to go when my first baby was born.
Within the first week it was patently obvious that she was not happy in either the basket or the cradle ... and only wanted to be next to me in bed. Hence, we became co-sleepers.
Then, I tried the crib for day time naps and it led to much crying and screaming .... which ... led to naps in a motorized swing or next to me in bed.
Me? I would steer them towards something else ... even just ask for a gift certificate so once you are in the swing of things and know what you really need, you can get it. (I laugh at how different my actual parenting style was from my planned one ... I had planned to have my baby on another floor, in a crib. Well ... my kids are now 4 and 7, never spent a full night without one parent or the other somewhere in the bed or room with them. We are dedicated co-sleepers if not always bed-sharers).
My DS outgrew the Arms Reach when he was about 4 - 5 months old and we debated sidecarring a crib - in the end - we decided not to get the crib - although we also had several family members standing by - ready to bring us one!
we happened to have an old futon that was extra narrow - and low to the ground - our bed is also low....so he can sleep on the futon mattress or with us - usually he is back and forth all night! Even when you co-sleep, it can be nice to have another surface to put baby down on.