Such a cool idea and it doesn't have to be for a kids room! It could be for a party or even a wedding if you change the flowers; hang some small lanterns with fake candles in it! Halloween too! Ahhhhh so fun!
DIY Co-sleeper made from a $69.99 IKEA crib! I actually really like this one and it would last a LOT longer than those teeny tiny ones they make for newborns. Plus it gives the child "their own bed" feel if you're having a rough night.