cold feet

Ella is due to begin preschool in a few short weeks. As I posted earlier in the year, the school we were hoping for requires a lottery because the demand is high and the slots are few. She didn't get picked in the lottery for that school, so we ended up choosing another public school close by that has a very part time magnet program (1 hour per week). As much as I have felt she will do well in a school setting, I have found myself hesitant about the amount of time for such an early school experience. The school day is long, from 9:10-4:10 which would mean Ella wouldn't arrive home until nearly 4:30. Some questions I've been grappling with are:

1. If this season of my life is centered around staying home to look after my children, would Ella be better served in being home with me while she is still able?

2. Would she grow more intellectually and emotionally being at home with Mommy, brother and a new sibling on the way rather than in a classroom 35+ hours a week that may only be a glorified play group?

3. With Ella being so ready to read, would she be taught at the preschool level, or would she be more likely to begin reading if I began some structured phonics and reading study with her at home?

4. Would it be ultimately better for our family unit if she was a part of the daily routine and adjustment of welcoming a new sibling? (I am confident she will be a huge help in playing with Simon while I am in the midst of newborn care.)

5. Is there any need to rush her off to school or is waiting for kindergarten (after just turning 6) waiting too long and ultimately detrimental to her social development?

As you can see, this is not an easy decision for me and most of all, I want to do what is best for her emotionally, intellectually and socially. I am searching for where the peace of mind lies and am in the midst of prayer about this. It's something I will need to decide on very soon! If you have any wisdom to share, please do! I'm open for insight from other Moms!