I brought a Valco Titan for DS2 and used it from 5 months, so not newborn, but it is very suitable for one. I just gave it to SIL to use for her bub and he fits fine in it. It doesn't lay completely flat, when fully reclined it still has a bit of an incline but I found that to be very good because of his reflux. It was only $140, but I think the new ones are about $160. It is umbrella fold and we took it everywhere with us. Not too heavy either.
:yeahthat:we had the same one for our DD and funny enough we bought it when she was 5mths old just as she was at the ends of her severe colic, we found the Beema pram we had not necessary for her at that age and we still used the Valcro Titan stroller until she was about 4years old (and it's still going strong)