My daughter is one week old, so I'm in the same boat! At least at first, all I can say is functionality rules! I think later all the designophile stuff will creep in, but for now, here's what I'm loving:
Skype & a webcam, for virtual visits with the grandparents. This is the best cross-platform & free solution out there. We use it with our MacBook, but they're on a PC. I mailed them an HD Logitech webcam a week ahead of time. They're thrilled.
"Happiest Baby on the Block" DVD. These 5 simple techniques show you how to activate your baby's "off" button, and they serioulsy work!!
"Ambiance" iPhone app combined with my Tivoli iPal speaker. Very cool app, and it works to settle baby down and keep her sleeping. We like it too, and even at the hospital the nurses kept commenting.
"Baby Tracker: Nursing" iPhone app. Seriously, very useful!
"Co Sleeper" bassinet that hooks to your bed so baby's in reach for night feedings.
...As for strollers, I just assumed we'd end up with a cool looking stroller like a Bugaboo, Quinny, MacClaren, or Stokke Xplory, but we actually went with the less cool but 5-star rated Bob Revolution, and love it.
Here are some of the designophile strollers: