We have a pink "Jiffy" brand steamer (J-2000) that we love! My fiance and I use it every week to iron our business clothes, and we store it upright in our bathroom. It works on all types of fabrics, including my delicate satin and silk tops, and it saves us both a lot of money on dry cleaning. It does take time to properly steam each piece, but it does not flatten the fibers in our clothes like ironing did, so our clothes look newer longer.
We paid about $125 for it a year ago, and we would buy it again in a heartbeat.