Hellobee Boards

Personally I would delay the Marble Tower Set, or return it, all those pieces and little marbles with a baby coming would be not fun for mom.
The other things seem like mostly smaller gift ideas, and I will usually give as many 'ideas' like that as I can so relatives still have a choice in what they give.
I love the idea of you guys giving the 'big' gift and leaving the smaller gifts to everyone else - so the piano - since that would be more likely to be kept for a long time.

Another vote for the marble tower set. DD is 5 and I still don't feel comfortable having one of those.

Marbles sound like a disaster at that age! My older one loved the magnatiles though but got into them more by 3. I would go scooter over balance bike.

@DesertDreams88: I have noticed in almost every thread about balance bikes how different kids are! My kid got a scooter and a balance bike for his 2nd birthday (I really couldn't decide which one, the bike was from my cousin). He at almost 3 is just now sort of into the scooter but he's been racing around on the bike since well before 2.5 and was into it immediately! I guess that's to say, if you really want to get him one, it won't be too late if you wait a little bit, but if you are excited about it as a gift maybe just go for it! But who knows he might not even ever like it like some of the kids reflected in the threads I've read!

I think you'd be fine with the balance bike - my son got one for Christmas when he was almost 2 and he loved it, I wouldn't delay that one especially if the family is into biking. I would skip the marble tower and the Magformers, I think they're tricky for little hands.