I have 3 kids -- these are the gifts we've gotten:
Picture frames engraved with their name and the christening date.
Photo albums engraved wtih their name and birthdate
Piggy bank with a little change in it
Other picture frames -- My aunt got my youngest DD a really cute one, it's oval ceramic and says Jesus Loves Me This I Know around the edge
My IL's have gotten all my kids small ceramic crosses to hang on their wall. I've seen some really ugly ones, but these are all white ceramic and usually have some kind of kid thing on them (little kid praying, lamb, etc.). They're all very pretty.
Savings bonds
Money
If you have a Things Remembered store near you they have alot of great stuff and usually engraving is inculded in the price of the item you buy.