Diapers

Call me lazy, but I'm all for disposable.  My husband talked a lot about it and determined that was the best for us.

Cloth diapers are a big expense up front.  Then there is the storing and cleaning of dirty ones.
They can be reused for multiple children, and for a friend of mine with three little ones under the age of two, they were worth it to her, but the time, supplies, and cost just weren't balancing out for us.
They can also be bulky on a newborn.

Having chosen disposable, we chose wisely.
For a new born-  We used a brand name with an umbilical cord cut out. Sorry, I can't remember if it was Pampers or Huggies that had the deeper cut for the cord which was a plus in our book.  Guess I will need to research that again.

When it came to after the cord was gone, my favorite during the day was Luvs.  Cheaper than Huggies and Pampers and still held it all.  For the first while we used a brand name (which ever was on sale) during the night until night wetting became less frequent.

We had bad experiences with store and generic brands  so I cannot recommend the hassles, and messes, being worth the money you would save.

In all it comes down to your preference and what you are willing (or not willing) to put up with and the individual needs of your little one.

Happy Parenting.

UPDATE
As our little one grew older, I found an awesome deal on cloth diapers. The upfront cost was not as big as I first thought.  Looking back now I do not regret keeping a newborn in disposables but I cringe at the wasted money of diapers for an older infant.  I would wholeheartedly recommend cloth diapers!  I even have a recipe for cloth diaper detergent.  Post on cheap diapering to come soon.