You are probably going to get a broad range of answers on this one. There are so many cloth diapering choices and most CDers are pretty loyal to what they use. I didn't start out with cloth for my son. I had wanted to but we moved to Korea in my 3rd tri and I didn't get around to it before the birth, then we had a rough birth and then time got a way and before I knew it he wasn't a newborn anymore. He was more like 9 months. I figured better late than never. I am going to cloth from the start with this one. I think it's easier the second time around because you have a system and you know what you like.
My suggestion is that if you can afford it by one of several different ones in the NB size to try out. They don't stay in NB very long so you will have to buy more (unless you are getting the one size ones but I don't think most of the one size really fit NBs anyway) and at least you will have an idea of what you like before you make the investment. Here's what I am doing...
I order from Green Mt. Diapers (GMD)http://www.greenmountaindiapers.com/diapers.htm
2 dozen GMD newborn prefolds (can be used for another baby later or as burp cloths or clean up after the baby grows out of them)
2 dozen GMC small prefolds
5 GMD infant fitted diapers
I just bought 1 each (5 total) of the Snug-To-Fits since they are on sale (they are one size)
1 Growing Greens One size (trying it out for the first time)
1 Under the Nile Fitted (trying it out also)
various diaper covers in NB and Small
a few packs of size 1 snappis
Once the baby outgrows the small pre-folds and covers, I will order the next size up in pre-folds but also probably some one size fitted diapers as well depending on which ones I like the best from the ones I mentioned above. I will also have my sons current stash of large pre-folds and covers plus all his all-in-ones (SposoEasy) and I have a few Fuzzibunz and bumGenius pocket diapers too. Those aren't my favorite. I prefer the all cotton diapers that GMD sells rather than the polyester ones like FB and BG.
I am also going to get a few wool soaker covers.
I am probably spending $600-700 total for every thing in all sizes. I am ordering a few things a month now to break it up. Still a small price to pay considering the cost of disposables and how gross they are.
The poop thing is not a big deal at all when the babies are little and breastfed. My son's poop is pretty gross now, he's 21 months, but I just use a pair of yellow dishwashing gloves to dunk the diaper in the toilet and it's no big deal. I don't do the sprayer or anything, we have a weird Korean toilet that a sprayer wouldn't hook up too and it's too far from our shower to use the shower sprayer. I don't mind dunking though. I guess I just don't mind my kids poop too much. I also just broke down and bought a diaper pail kit from cottonbabies.com. I was just using a wet bag but I figure my son probably won't be completely potty trained by the time the new baby gets here so I need to space. Plus it just seems cleaner than having a wet bag laying around. Plus my zippered bet bags aren't holding up in the wash so I wanted the drawstring kind.