From Yahoo! News:
VATICAN CITY - . . . . .
"We can say we have many reasons to hope that there is salvation for these babies," the Rev. Luis Ladaria, a Jesuit who is the commission's secretary-general, told The Associated Press.
. . . . .
Although Catholics have long believed that children who die without being baptized are with original sin and thus excluded from heaven, the church has no formal doctrine on the matter. Theologians have long taught, however, that such children enjoy an eternal state of perfect natural happiness, a state commonly called limbo, but without being in communion with God. Pope John Paul II and Benedict had urged further study on limbo, in part because of "the pressing pastoral needs" sparked by the increase in abortion and the growing number of children who die without being baptized, the report said.
In the document, the commission said there were "serious theological and liturgical grounds for hope that unbaptized infants who die will be saved and brought into eternal happiness."
It stressed, however, that "these are reasons for prayerful hope, rather than grounds for sure knowledge."
Ladaria said no one could know for certain what becomes of unbaptized babies since Scripture is largely silent on the matter.
Catholic parents should still baptize their children, as that sacrament is the way salvation is revealed, the document said.
I like that final phrasing, that "that sacrament is the way salvation is revealed." I particularly like the fact that it does not imply that infant Baptism achieves or guarantees salvation in any way--rather, it establishes a firm foundation for the Christian life of the individual.