Go with a Maclaren. Expensive but so worth it, especially if youre thinking of having another baby! I did a lot of research, and the DIS boards helped a lot. I got the Quest to haul my then 3 yr old around DW and am now using it with our 7 mos old (first used it with her around 3 mos). Our son is now 4 and still uses it occasionally. It folds like an umbrella type, its good to 55 lbs (as are most Macs), has a small basket underneath, a large sunshade that can be positioned, a raincover, handle to carry, extenders that slide out for smaller babies so their legs dont hang over, weighs about 11-12 lbs, reclines (not all the way back), has taller handles, and is so easy to push you can do it with one hand. The basket underneath is not very big and is hard to access when the child is in the stroller. Instead I got the Mac organizer (mesh bag with cup holders) that hangs from the handles. The cup holders are floppy and small, but will stretch a bit. You can always add some (check out Lionheart's products at Babies R Us). Other people love the Volvo model, but I dont think it reclines.
alison