Yeah it is $850 but we got it for $742 as we spent about $2200 with the one shop so we got it discounted.
The seat does recline fully for a newborn - that's what we're using it for. The only thing we noticed is that the seat is really that deep compared to other prams but after asking friends/family this shouldn't really matter.
We chose the X2 over the other Bertini chassis as the wheel base is narrower so it can fit through normal checkouts and inside little shops. Some of the other chassis in that range are quite bulky but they all look pretty funky.
We loved the colour range too - we got green (my fav colour) but the blue is really nice also.
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