I have, thus far, avoided the scrapbooking frenzy of so many of the women in my family. One of them, though, gave me a cute idea for a scrapbook cover for Lily that has tempted me enough to seriously consider going for it.
Added to that is the fact that after looking through all of the available baby books at Borders, I was completely unable to find anything I really liked (I'm being picky). So I'm thinking if I do it myself I can include what I want to... Eric's suggestion: go for it, maybe keep it small.
So I now have a scrapbook and some supplies. What I need is to make copies (and prints) of some photos and the ultrasounds. Once I get something going I'll post it up here to show off my results :)