Im doing the same thing Im buying the new one in the next few weeks just want to find a good deal as there seem to be a few atm....the new one doesnt have the annoying things on the wheels so it is narrower the frame seems the same otherwise and the hood moves and it seems to have more ventilation as I found the urban elite fabric way too hot! for walking the new model fabric is more like the urban models of the pram but the replacememnt covers on their web site are $94 so Im kind of well like if the fabrics only lasted one child for that price I wouldnt be too bothered when the NZ mountain buggy fabrics started at $230 a set...so I will let you know how I go and the sun and rain cover ATM are $72 for both I paid $85 just for the suncover with the NZ buggy