Niel: I just realized you said "new born". Let baby sleep with you, everyone will be happier. Our daughter was 6 weeks prem, slept with us for about 4-5 months. Our son was 3 weeks prem, slept with us for a couple of months. Much easier for my wife to do feeding, and then I'd let the baby sleep on my chest to give my wife a rest. Everyone was happy and more relaxed. We did try separation, but it did not feel right and baby was stressed.the room air temperature still needs to suitable no matter where they sleep.
Also it's strongly advised not to co-sleep, even with one of those special cusions to stop them moving around
http://www.stuff.co.nz/national/health/8759809/Co-sleeping-baby-deaths-like-an-epidemic-says-coroner
Ps, off-topic.