I love all the little knickknacks and decorative items, but I adore the Teapot Clock. It seems so grandmotherly and sweet and I really love that. I also love the strollers and the "go for stroll" action. I just wish they had a double stroller for twins for those single parents.
I am so excited about all of the new objects in the game it is hard to pick just a few. I really love decorating and building in the game and the new decor objects just make me silly happy, especially if they can hang on the wall. I just finished a child's room with the new beds and the butterfly pattern for wall covering and it turned out really cute. Anybody see the little heart with baby foot/hand print on it that you can hang on the wall as a keepsake? It is adorable! I love anything that I can place the trinkets and rewards on and the plant additions are amazing too. There are new lighting options too that are nice. My favorite would have to be the new baby stuff, kids toys and decor objects to choose from. The new stuff is so refreshing. EA finally gets a thumbs up for these wonderful additions. 
Yes, this.

I love all the new nursery/kids items, especially the stuffed dragon and the butterfly wall hanging. Those are super cute and it is easier now to make more personalized bedrooms. Oh, with kids items, I also love the turtle sand box. I loved sandboxes as a kid.
