Oh wow hun, I feel so bad for you! Lack of sleep truly is torture.

I think it makes a LOT of sense to get them into their own beds and get your own room/ space back and to do all that while you have one another to support. It won't be an easy time, I am sure, and I guess you need to be quite clear about what you are going to do when they wake up, so that at 3am when you are beside yourselves with tiredness, you stick to the plan and don't cave and just drag them into bed with you! I suspect consistenct will be key to cracking this one. DH and I have a big thing taped to the wall of DS's room about what to do when he cries, so we're both on the same page and you don't have to think too much in the middle of the night.

Just one thing about the dummies/ blankie. I personally would be hesitant to take these away as well, all at once. I am sure others will say differently, and perhaps they are right, I guess I would just feel that its all a bit much of a shock all at once. I understand what you are saying about them contributing to waking, though. What we do with DS is put about 8 dummies into his cot with him, and when he wakes without one, he can easily find another- took a little training, but we're not up for dummies any longer, yay! Just something to consider!

In some ways you are right to be stressed about it, simply because you will be prepared for it being difficult- changing sleep patterns is never particularly fun in my experience. But as long as you have a plan and commit to it, there is nothing more you can do, so try to just think about the wonderful sleep which will hopefully follow!