If you’re spending that much, and you’re in the market for something with a few more bells and whistles, I also like the Hatch Baby Grow ($129), an integrated baby scale and changing pad in one. The scale allows you to track weight gain, milk intake and other such things that are typically only ascertained by a visit to a pediatrician’s office. I would especially recommend this for parents who are the “need to know” type (those who like to have lots of data) or if you have any reason to expect a preemie (you are pregnant with multiples, high risk, etc.).
Luvs makes a much cheaper diaper and you get what you pay for. It’s a decent diaper, although not very well made. Coincidentally, Luvs and Pampers are both made by Procter & Gamble, Pampers being the premium brand and Luvs being the economy brand. If you’re on a tight budget, I would instead recommend a chlorine-free store brand, such as Target’s up & up, which runs about 13 cents per diaper.