I always held my babies when they were crying (with the exception of 'attempting' the cry it out technique when my oldest was 18 months old. It was a mistake and never happened again.) All 4 of my kids were 'coddled' and 'spoiled rotten' (gasp, I didn't spank either). Yet, I get nothing but compliments about how wonderful they are from their teachers, coaches, bosses, relatives, etc. They are all honors students, no major rebelling from my teens, the oldest is going to start her engineering degree in the fall. My kids are pretty awesome if I do say so myself. I'm so glad I 'spoiled' them. 
BTW, I always believed that ignoring a newborn's cries taught the baby that they were not worthy of having their needs met and created a whole host of trust issues and resulted in a child who could not feel empathy because they were shown none and those connections were never formed in their brains. So all those people who whine about 'spoiled' children are creating the next crop of sociopaths. IMHO of course
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