cedar is not a good choice for baby furniture - it's soft and it splinters easily. we had an antique crib - when the teeth starting coming in the kid just about chewed through the top rail before we realized what was going on - we had to put away the family crib and go with a modern style complete with thick plastic cap on the rail.....
not sure what you have in mind with: " Glass everything over and I think it would look really beautiful"
looks like a spellchecker in overerrordrive . . .
plus, cedar does not paint / finish well either - it has a lot of oils that make coatings flake off.