Before Nora was born, we got the nursery ready by adding a fresh coat of gray paint to the walls and getting the furniture out of the basement. I also bought a new gray rocking chair, since we sold ours a few years ago. Other than that, we just left the room a kind of blank slate because I wanted to do a gender-specific theme after baby was born.
After she arrived, I decided on a hot pink / navy blue / gray theme, and I'm really happy with how it turned out!!