blue,
You should read, talk, and sing to your baby as much as possible, it is very important for speech development.
howblur,
I have heard about that too, that new born babies can only see black and white, and you have to hold it very close to them.
But my babies both love their colourful baby books from around 3 months, so I think babies learn very fast. I believe that once a baby can focus their eye sight on something, you can show them anything. If you only show them black and white, then they will not learn about colours right ?