I agree with the above post although its kind of old (a month or so) you should raise the child like the other children. If there is a male and female influence in the child's life then he will naturally stray where he is most comfortable. I'd keep in mind that he is effeminate and maybe a bit more sensitive but other than that you'd raise him just like any other child.
As the boy would grow I would ensure he was aware of the importance of being yourself eventhough you may encounter people who would have more conservative values or old fashioned ways.