I purchased this for our fourth child -- we had worn out our old stroller!
Here are the pros of this:
*Great color, subtle and gender-neutral, fashionable, but not too trendy
*LOVE the stroller -- it is light and easy to fold and unfold
*The basket under the stroller is a good size
*One-hand steering on the stroller! This is great!
*The stroller and seat are sturdy, good quality Graco
Here are the cons:
*Actually, there is only one con, but for me it has been a big one: The infant seat straps tighten separately and adjust at the back of the seat. Both of our older Graco SnugRides adjusted at the front of the seat with a single strap between the baby's legs. The back adjust does allow you to adjust each side more accurately, I suppose, but it requires two hands to do it right and takes more time (and time is of the essence when you have 4 kids!). It is also really difficult to loosen/tighten the straps when the seat is in the base in the car or set on the stroller, because you're at an awkward angle and there isn't a lot of clearance to pull down. I often carry my son in a sling in stores, etc. and getting him back in the seat is frustrating, especially when I am in a hurry and/or when it has been very cold and I am trying to get him in and the car door closed as quickly as possible.
If I had known the adjust on this was at the rear of the seat, I may have chosen a different travel system. Of course, it is our fault that we didn't get it ready until I was ready to leave the hospital with our new baby, but I never thought the design would be different than what it's always been. I have seen the front adjust on other new SnugRides, so I am not sure why this has the rear adjustment.
Whatever you choose for you -- congrats on your baby and enjoy him or her!