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My BFF has twins and they slept together for the longest time. They shared 1 crib.

@marionberry: not trying to sell you on the arm's reach co sleeper, but if height is a concern, they make leg extension kits for higher beds. you can also just use it just like a PNP not attached to your bed. the bassinet weight limit is 30lbs which is why i suggested it. it's not easy to move around and it's not as portable if you wanted to use it for travel later on. do you have space to put a crib in your room for a bit?
http://www.amazon.com/Reach-Co-Sleeper-Bassinet-Extension-Natural/dp/B0007CQ6L8/ref=pd_bxgy_ba_text_y

@marionberry: I remember stressing about all the logistics of sleeping, etc (and well, everything) and it really came down to their individual preferences and what worked best at that moment. It was a lot of trial & error. When we ultimately moved them to their cribs, they suprisingly did well, so there is hope...good luck!

I nannied for twins and they put them in one crib from the start. I'm sure one p&p will be fine for awhile. I think they started sleeping in different cribs around 5 months. Don't quote me on that though ; ) The family also had two swings and two things that were similar to the r&p but they didn't sleep through the night in them.

I had my twins in the same crib in our room until they were about 4 months old then moved them into their own cribs at that point since they were starting to move around more and I was worried they were going to smother each other. We did co sleep on occasion if one of them woke up and couldn't get back to sleep.
It's really cute tho at just over 2 I still find them asleep in the same bed once in a while.

@marionberry: I had mine in the same cradle for three months, then the same crib for 3 more months, then finally two cribs. Granted, DS was in a bouncer for about three weeks, but that was because he hated sleeping flat.