I think felt plushies are really cute and fun. I used to make a few, but I didn't stick with it.
I made a few for my friends and family, they really liked them. C:
I like them well enough. Though, normally the cheap-o felt you get at walmart looks pretty shitty. The better quality the felt, the cuter the plush. Of course, being good at sewing helps too.
Felt is nice. Of course there are better quality materials, but felt isn't bad. I've made some felt plushies before. I made an "emo kid" doll when I was in my teen angst phase (still have him though 'cause I'm rather proud of him) and I made some kitties for my friend. I have one friend who made all the members of My Chemical Romance.
So it's an amazing starting point and sometimes I find myself going back to it for sentimental reasons.