If you're going for a neutral nursery why not experiment and have fun with bold colours and shapes. Pair with classic nursery furniture like this Boori Eton dresser. It combines baby changing table and storage, which is perfect for a small space, you can even remove the changing station once past the potty training stage.
not pretty but it is clever. Vertebrae by Paul Hernon of Design Odyssey Ltd - Vertebrae packs a toilet, sink, two shower modules (one for children), storage space for shower, bath, shaving, and cosmetic products right along the column. Each component is a swingable module that can be used when needed. (more space saving furniture: http://www.home-designing.com/2008/10/space-saving-furniture# )