After doing a lot of research I decided to try two brands of cloth diapers: fuzzi bunz pocket diapers and bumGenius 3.0 one-size cloth diapers. If you are unsure what these terms mean here are some definitions courtesy of cottonbabies.com.
There are lots of different types of cloth diapers and it all depends on what you are most comfortable with. I wanted something that was easy, somewhat inexpensive and durable. I chose to use Fuzzi Bunz because my SIL uses them and I was able to find an amazing deal on them on craigslist for $7 each. Usually they go for $14-20 on Ebay, so this was not to be passed up. Fuzzi Bunz come in LOTS of different colors and patterns, which is one of the things that make cloth diapering lots of fun. The fleece lining inside the diaper is very soft and they are pretty easy to use. Now the cons: their insert is not as absorbent as I would like and we did have some leaks because of it; these diapers also come in different sizes, so they don't grow with your baby. The medium size lasts for most the time you have your baby in diapers however.
My favorite cloth diaper is the bumGenius 3.0. These are, in my opinion, the most similar to disposables and the easiest to use. They are also more economical as they will fit your baby from 7 to 35 lbs. These are trim diapers and they fit great! The Cottonbabies insert that comes with this also has the highest rating for insert absorbency. The downside to these diapers is that they only come in a few colors and the "velcro" tends to wear out quickly. Diapers that use snaps to fasten tend to be more durable and baby-proof. (edited 6/12/2009)
How much does this cost? To start, CD'ing parents say you need about 18-24 diapers. I bought 12 bumGenius ($203.40) and 4 Fuzzi Bunz ($28) and I do laundry every other day and haven't had any problems so far. I used a normal 13 gallon trash can with a lid for my diaper pail ($10) with a Whamies pail liner ($16). I also bought a wet bag for my diaper bag from a friend on Etsy ($9 w/shipping), but you technically can just use any old plastic bag. For the stink of the diaper pail, I bought Tea Tree oil ($10 for 1 fl. oz.) which I use 1 drop of per batch of diapers and this will last a LONG time and it works wonders. I wash my diapers using Purex Free & Clear detergent ($3 for 64 loads of CD's; by the way I use HALF the detergent to wash these puppies). Ok so the grand total comes to: $279.40 to get started. I will probably end up buying 6 more BG diapers because I like them so much, which is an extra $100, but I probably won't do that until Ravenna is a year old.
As for the total cost of CD'ing the Diaperpin.com has a great calculator to help you figure it out and compare to disposables. I will continue to keep posting on this adventure and please, feel free to ask any questions!