Oh brother ... only in our society do we want to push our babies to grow up so fast. There is absolutely no need for a baby to learn to read. Even if successful, it will not put a child ahead in school. The most it does is stroke a parents ego to be able to say "my child was reading before he was 1."
Most child development specialists agree that children develop different things at different ages. Jean Piaget called this early age "sensori-motor" meaning that babies are learning through their senses and movement. They have no concept beyond the here and now, and have no sense of object permanance - if you hide something from view they no longer realize that it exists. Not very conducive to reading.
Erik Erikson called this age "Basic Trust vs Mistrust." According to his theory of development, a baby must first learn that he can trust and depend on caregivers to respond to his needs - when he's hungry he'll be fed, messy he'll be changed, etc. His task right now is to be dependent and be taken care of, feeling that safety and security.
Your boys will need to learn language before they can learn reading. Their brains are still sorting out the way sounds blend to make words, and what those words mean, and later on how to verbalise and use the words to communicate. There is so much for them to learn before they are ready to read.
(About learning to read):
As children start to get ready to read (probably around 4 years old), they will begin to undrstand that words are made up of sounds. Rhyming games will be important, and other games playing with words. They will begin to realize that the print on the page connects to the words they hear. The begin to recognize the different symbols (letters) and learn to name them. They can even start learning that the symbols also carry a sound.
In kindergarten, children continue to learn to hear the different sounds in words. This is the beginning of phonics. They also begin to learn "sight words" - the high frequency words in text, which are often phonetically irregular. (The, I, my, like, here, is, he, she ...) So there will be some memorization. They also learn word families to help them read easier (at family: at, cat, bat, sat...)
The method you are talking about was once called "see-say" method. It is rote memorization of words, without connection to patterns or phonetic features. It works for some children who have a good memory, but children need to also learn the skills to decode an unfamiliar word. If you decide, when your boys are old enough, to teach them some words, start with high frequency words. It won't hurt their learning phonic to memorize some words. But they are way too young to be worrying about it right now. Right now they need love and cuddles, food and diaper changes and rocking and singing. There will be plenty of time later for them to learn to read.