If you don't think about the expenditure itself, buying gear for a new baby is actually rather fun! Much like small-scale one-room interior decorating. In the cot department, I always wanted the Stokke Sleepi but economic sense got the better of me and I bought a white Touchwood. I saw a Stokke Sleepi again not too long ago and felt pangs of regret. With no sharp edges it's bound to have nice feng shui. And if you are short on space, then a cot with rounded corners would surely work better than a rectangle cot.
Stokke also make the coolest looking change table I've even seen. It doesn't scream 'baby room!' so much as others do. I opted for a chest of drawers that has a separate removable change table on top - perfect for conserving space and I don't have two large pieces of furniture (with one sooner or later becoming redundant).
Stokke also make the Xplory, the rather odd looking (in my opinion) stroller. One minute I think it looks cool, the next rather goonky. It's certainly (again, in my opinion) one for the shops and nowhere too taxing.
Having already bought furniture for Lucy, the newborn will be sharing most of it. I still need to organise a big bed for Lucy but I have at least 4 months to do that before No 2 will be needing her cot. I may commission my clever father to make one...sure he doesn't have anything else to do apart from make Lucy dollhouses, ride-on toys, etc... Love you Dad!