What's a good gift for a newborn?

My best buddy, he'd be my brother if I had one, had his first child this morning, a little girl. I love that's she was born on Friday the 13th, that will be a full moon. My niece was born on 6/6/06 so we'll have little demon girls to joke about.

I'm getting them a car load of diapers from Sam's, some cutesy girlie toys for the baby of course. I was also thinking about helping them start a Roth IRA for the kiddo.

The rules have changed a bit the last few years, this Coverdell Education Savings Account is basically what the Roth for Education IRA was.

I told him that starting now, putting only $38 per week into it would yield a return of almost $80K when she turns 18 and it's time to go to college. There's no telling how screwed up the country will be in 18 years and it's never too early to start planning for your kid's education.

I'm putting the first $1,000 into it. Is this a little too presumptuous that I don't think him and his fiance have the financial planning skills they'll need to be prepared 15 years from now?