My sister has a "L" for her name in olde english on her wrist
It does look really nice , so i think you should.
But you do have to be careful about the people you are going to, ask around a few tattoo places and ask if you can see their work, they will be happy you asked actually.
i used to want an "A" tattoo, now i figured...i probaly shouldn't get it as my first tattoo, because its your first...its good your going small for your first, but just be sure if you want something signifying an artist whom you like.
A friend had the ACDC on her waist...it looked good at first, but she went off the band and she regrets having it done.