Thanks for the responses. Now that I've revealed myself to the board as a sadistic freak.
Of course the idea is despicable, whether she was pregnant or not, but it was for some reason an extremely captivating scene, especially when they leave the camera. Russo acted really well I thought as Pacino explained how he would not be killed, but sent to Vegas. His fear for his own life was palpable.
As far as setting up Sonny for death, this confused me a bit because Carlo had to count on Connie calling Sonny right away and telling him, and I figured she would not do this since she was trying to protect Carlo. After all, she didn't call him the first time, Sonny acted when he saw Connie's black eye.