I will post more later but we are currently cloth diapering an have been successfully for a year.
We have had the most success with Grovia. Also have some pre-folds with covers too. We got some on clearance and some slightly used. You will most likely deal with disposables in the hospital (if you go that route I'll talk later since baby is starting to wake up now.)
Another factor is finding childcare where someone is accepting of cloth diapers (most will be turned off by it initially). our current sitter told us she had no experience with cloth diapers. A quick demonstration and she's actually told us it's easier as long as you stay on top of laundry. We have (I think) 10 covers and about 20 inserts and altogether I think the cost was around $200, but we also use flushable biodegrable liners which cost more but make cleaning up #2 a LOT easier. We wash and hang dry the ones where the kid just went #1 on them.
Also, START STOCKPILING CASH FOR THE HOSPITAL AND DOCTOR BILLS. We had a high risk pregnancy and the medical bills came out around $10000 when it was all over but if you have cash up front many of them will settle.
go to http://www.clarkhoward.com
and he gives some advice on there about how to trim medical bills. I got our $5100 hospital bill cut down to $2900.
Also, the wife's aunt got us a bouncy seat for baby. We hated it when it showed up and didn't put it together initially but never got around to returning it with the gift receipt. Turns out that was a good thing the baby loved it and we could put him in it and he'd entertain himself for hours while we could get things done.
That's it i have to go feed baby now