I am ALL for our Maclaren Volo. It's an umbrella stroller and we bought one for our DD then 3 specifically for our Feb 06 trip. They retail for $99 which I had always thought was appaling for an umbrella stroller, luckily they had it for $80 (floor model). I had her sit in it and we were ALL hooked. It's soooooo much better than the cheap umbrella strollers. It folds down very nicely and is very lightweight...perfect for busses. When everyone else is lugging their huge strollers on the bus, you've got yours already folded and inbetween your legs or over your shoulder. They are made for taller people to, so pushing the stroller is a dream. The basket isn't huge (it's mesh), but it's sufficient. You can also buy clip on accessories so you can put on little snack holders, drink holder, etc. I know it might be more money than you wanted to spend but it's very very worth every penny. And this is one of the only umbrellas that you can use til they're about 50 pounds or so. We went through lots of different strollers when dd was younger, and I can't see us using anything but Maclaren in the future if/when we have a 2nd kid!
I know that some folks on here have been able to find Volos on ebay for much cheaper than retail, so that's something to think about (definitely check them out in the store first if you have a TRU or Babies R Us).