Mommo Design has a bunch of inspiration for girly reading nooks. These quiet corners contain fluffy pillows, rugs, cushions, usually a canopy, and of course lots of books. I think the idea is very cute and I'd love to do this for my daughter's room.
MIGHT USE THIS IDEA - Very Hungry Caterpillar Mobile. Hang lanterns red, 6 in two shades of green) with different lengths of fishing line. Use pipe cleaners for antennae, and construction paper for eyes and nose. Very cool in a children's library space.