I know I should just sit here and read all of these threads, but I don't have time for that! I'm wondering if all of this affects my hair bow shop: www.daisybows.com ? All of this information is stressful and overwhelming.
Just read what you need for your own business. There is a ton of great information on the Etsy forums but you don't need all of it. Read what interests you and what you think can benefit your shop.
I'm with you Purple Pear. I'm a smidge overwhelmed and I haven't even listed anything yet. I'm waiting to get all of my CPSIA ducks in a row, I guess. But the good thing is there's a great community of Etsians here who seem to know what's up. :)
Great advice above: focus on your product(s) & don't worry about the rest; it appears that the ribbons, fabric, such stuff will be exempt; due to only traces of anything harmful, if any, are contained.