I had both of my kids in my room next to the bed for the first 3 months approx, until they grew out of the bassinet. I loved it because when they woke for a bf I just picked them up and didn't have to get out of bed (one was born in winter and one in summer). I would highly recommend it. DH learnt to sleep through the noise.

When I moved them to their cot, in their room, I put them in a snuggle bed first so they didn't get feel too overwhelmed with all the space in the cot.

Both are well adjusted to their own rooms and neither have ever slept in our bed or come into our bed at night. If i had more room in our bedroom I would have the cot in there for about the first 9 months (SIDS recommend 12 months I think) but there just isn't the room.

Goodluck - do what you find comfortable, happy Mum = Happy Baby.