I was at a women's Bible Study tonight...rather a discussion group discussing a book written about one of the books in the Bible...
But one of the women there was mentioning wanting to find good books for her to read with her daughter, aged three-ish.
This made me remember my very favorite series of books when my own daughter was wee:
The "Alfie" books, by Shirley Hughes.
The illustrations are so charming, and the stories are comprised of little vignettes: They types of adventures only the very young who are disovering the world around them for the first time can experience. These books are charming through and through, and have enough text in them to make for some substantial reading time, enough interest to keep mom happy, and beautiful illustrations to charm anyone who peruses them.
Here's a link to one of them: The Big Alife and Annie Rose Storybook