We put gift cards from our shower toward a fairly expensive lifetime crib. Personally, I regret it. Style-wise I just don't like it as a toddler bed or regular bed. It was a great crib when he was a baby (not that he slept in it but a handful of times), but reconfigured it just looks out of place with my son's style. That might sound weird, but it just doesn't "go" with the paint/curtains/etc he loves. It is white and it just seems too feminine or something.
Plus, it converts to a full-size bed (not a twin) and I just feel like that's too big for my son yet (and his room), although the toddler bed is too small. If I had to do it again, I'd get a regular, inexpensive crib and wait til he needed a twin bed to invest anything.
Congrats, and good luck!