I have this and love it! It doesn't recline but the seat isnt bolt upright so dd has always been comfy enough to sleep. She also loves it and is always climbing in it-she likes to sit in it to watch tv etc-strange child!
If i'm going out and wanting her to have a decent sleep i'll usually take the lie flat pushchair rather than this but she has fallen asleep in this several times and been perfectly comfy.
There isn't a basket as such but there is a biggish pocket on the back of the seat-I can fit 2 cloth nappies(so probably 4 or 5 sposies would fit), a travel thingy of wipes, purse, phone and keys into the pocket to give you an idea of the size. There is a handy hook thingy that i find quite useful for hanging my shopping on too-although as the buggy is so lightweight you have to remember to take it off before you take baby out otherwise it tips.
The only downside is that although the buggy itself is small and compact it doesnt fold much smaller than when it is up-its about twice the size of an umbrella fold stroller when folded.
It folds easily and is easy to carry with the strap thingy but it just doesnt fold very small. I've used it on trains with no probs although i did nearly tip dd out when there was a large gap between train and platform