What is a better deal?
Agreed, with a kid on the way, I'd pickup a Rebel with video. It actually doesn't need to be a T4i, a T3i or even a T3 would make a good second camera. Buy the 40mm pancake for you Rebel, and now you've got a small travel camera too.
Don't forget to check out refurbished cameras, from Canon Direct, they have been running 10-20% off sales on them towards the end of the month.