A monogrammed blanket makes a great gift, as it is something that the baby will appreciate for the rest of their life. Some babies may use the blanket for their own children when they grow up and start a family. Some parents will choose to keep the baby blanket, unused, so that it will last longer for the child to appreciate it later in life.
Monogrammed blankets are available in all different types of fabrics and in many different colors. If you are buying a blanket as a gift, you may choose to get the blanket in a more neutral color so that it does not clash with the likes and dislikes of the baby's parents. There is one very small negative issue about buying a monogrammed baby blanket, this is the fact that the blanket can pretty much only be used by the one baby whom it was bought for and given to - this is not such a big deal, though, considering most will cherish this gift and keep it for their whole life.
Based on the many different types of monogrammed baby blankets available, and how the positives far outweigh the negatives, you are sure to find a blanket that is right for you and your child, or the child of someone who you love.