Hey Jellisy:We did, but we're fairly religious. Some things in life are a little easier down the road if you are baptized as an infant in terms of getting married in a church as an adult as standing as a godparent for a friend's child. I firmly believe you should follow your heart on this one, if it's not in baptism, at least in the Catholic church there are plenty of opportunities to "catch up" as you grow older. I assume that's also true in other denominations.
This generally describes us...plus my uncle/godfather is a priest and having him do both baptisms for both of our DDs was pretty special. Both of our families are religious (mine more so than DH's), so I think it would have been a pretty big issue if we had not baptized the girls. Of course if we (DH & I) weren't into it ourselves, we wouldn't have done it.
Also just on the topic of baptizing babies...I definitely don't believe that my kids would be shut out of heaven if they weren't baptized, but I have to say that experiencing both baptisms was a lot more meaningful and touching that I thought it would be. I think for me it was just the act of formally welcoming my kids into a community that, while it clearly has its faults (I'm Catholic and there is plenty I disagree with in terms of church leadership), has been a really important part of my life. What the girls choose to do later in regards to religion is clearly their choice, just as it will be with any number of other, non-religious things we do as parents between now and then.