The First Years Indigo is a great lightweight stroller with 3 different modes (front-facing, parent-facing and bassinet mode) which is reasonably priced (I paid $124 for mine)!
The stroller weighed in at 22 pounds. It feels light to me when I lift it. I also have a Valco Trimode, a Triumph and a BJCCD.
The color is gorgeous - it's a bright happy red. It makes quite a statement and fellow parents seem to admire it. It steers like a dream indoors and outdoors. Steers easier than my Maclaren Triumph and you can litrerally push it with a finger. The front wheels rotate 360 degrees so it turns on a dime. It accommodates children up to 50 pounds and 40 inches (although I did try it with my 3yo who is 41 inches tall and he (barey) fit).
It accepts the following car seats: First Years I450, First Years I470, Graco Snugride, Snugride 32, Snugride 35, Chicco Keyfit and Keyfit30. It comes with a bumper bar, a parent console and a car seat adapter in a cute black bag.
Dimensions:34.5 x 23.5 x 41 inches
Here's a summary of the pros and cons:
Easy to assemble (clear instructions)
Three positions - front facing, parent facing and bassinet mode
Steers like a dream - you can push it with a finger
Accepts various car seats
Seat can be removed to be used as a snap-n-go type stroller frame
Easy to fold and unfold
Easy to rotate the seat between positions
Basket is huge and easily accesible
Feels sturdy and stable
Easy to adjust harness (easy to close and open as well)
Comes with parent console which can hold drinks, keys, cell phone, bottles
Seat can be pretty upright or very reclined
Mutiple recline positions
Wheels feel substantial and well made for non-air tire wheels
Adjustable leg rest
Seat could be deeper (it would not be a good stroller for really hefty/big kiddos)
Manual says basket should only hold 5 pounds (although I have put lots of groceries in mine)
Seat is made out of plastic, not fabric (ok by me but the material used in my Valco and BJCCD is nicer)
Harness could be more substantial
Somewhat wide fold with seat (I did not fold it without the seat) - definitely not as compact as our Maclaren Triumph
Canopy is somewhat limited
Stroller will not last past age 3 unless you have a small/short child
The fold is not as compact as an umbrella fold, but is more compact than the fold of an air tire stroller. I did notice that the back wheels seem to wobble a little in rougher surfaces, but the movement does not affect the steering or smoothness of the ride at all so it did not bother me. The wheels are large enough to ride over bumps in the sidewalk and the stroller does not get stuck at every bump and crevice. In my opinion, the ride is pretty darn smooth for a non-AT stroller. The stroller seems very stable.
The seat has 3 recline positions (bassinet/flat, reclined and upright). I would probably add a blanket or a snuzzler for a newborn when using the bassinet to make it more comfortable
I took the stroller to a nearby drugstore and loaded the basket. Tons of room. Very happy with it. It steered beautifully among the aisles and my son seemed happy to be higher off the ground (compared to our other strollers).
All in all - I would say you can get great bang for your buck by getting this stroller for an infant and using it until the LO is about 3 years old! It will not be as smooth a ride as an air tire stroller but is a great alternative to an umbrella stroller or traditional stroller. It is also a good alternative for parents who want the parent-facing feature without having to spend lots of money on a Bugaboo or similar stroller.
I would definitely recommend it to friends and family! Love it so far!
ETA: After use outdoors, the wheels started squeaking a bit, although silicone spray helped. First Years has to address this issue.