So far I've gone through everything in Ethan's soon-to-be room (formerly my office) and decluttered. While we weren't able to move everything out due to space constraints, when we are done, only his bed, a dresser, a hope chest, and a bookcase will be in there. I'll also probably move in a bin organizer and store a few toys and books in there. I recently purged toys, so we don't have a lot, but I want some upstairs so I can put a gate over the stairwell and have him occupied in his room while I shower.
We've also painted. His room is now light green, to coordinate with his Carter's Forest Friends/Tree Tops theme. I bought the valances and flannel receiving blankets from the set, and my aunt turned them into an adorable quilt.
Ethan's current room will remain the nursery, no painting or modification necessary. My aunt is making another quilt for Baby Girl, and we'll find coordinating curtains and a rug. We'll just set the crib back up, and we'll be in business!