I have to agree with many of the posts, that co-sleeping is the way to go. Both my girls slept in our room for 1 1/2 years and the cot is still in our room ready for the next one in June. The first one slept in our bed, the second I bought the cot and took one side off and had it up against our bed. Then if we wanted a bit of space, I'd just roll her over into her cot. Breast feeding was easy, and I couldn't imagine having to actually get up several times in the middle of the night, especially in winter! If we were to start all over again, we would just buy a king size bed instead! Both girls share a room, and had no trouble transferring.

PS Krysalyss made some excellent points.