I started out not wanting a theme for his room, but we ended up with a lot of airplanes and some elephants, too! The colors are light and bright and fun- yellow, blue, gray and white. We splurged on his glider and crib, but everything else in his room is pretty budget-friendly!
I have some more photos on my blog post on the nursery: http://kayleym.blogspot.com/2012/03/nursery-is-finished.html
Crib Fabrics: Yellow Strips Premier Prints Lulu Stripe; Skirt Dwell Studio Boteh Jade; Damask: Dena Medallion in Gray
Crib: Pottery Barn Kids Maddison
Airplane Mobile: Pottery Barn Kids
Glider: Little Castle Glider/Recliner Cottage chair in pebble with white piping (bought at Babies 1st Furniture)
Yellow Side Table: Home Decorators
Lamp and shade: Target
Custom Elephant/Oliver print: Ida Pearle
Book Shelf: Ikea Hemnes shelf with fabric covering the back
Antique Airplane: my grandfather's
Changing Table: Ikea Hemnes
Changing Pad Frame: Craigslist find from Pottery Barn Kids
Airplane Prints: Etsy seller Flights by Number
Vintage Propeller: A Simpler Time
Rug: Urban Outfitters
Tiny Reading Chair: Nadeau
Book ledges: picture frame ledges from Ikea
Oliver Pillow and Glider Pillow: made by his Nana
Gray dot hamper: Container Store
I LOVE his little reading corner with his pillow- I hope he enjoys reading when he's older. I also love the vintage airplane from my grandpa.
Mix and match things you already have and start your search early so you can get good deals. I saw on Project Nursery when we were getting started to look outside of the baby stores and found that really helpful!