I have had so many irons in my quilting career I lost count. I have had very expensive, top of the line ones, and I have also had cheap ones. I have found that the inexpensive ones work just as well, sometimes better. My iron died today, and I had to replace it. I bought one of the cheapest ones they had (around $10.00). This is a Rival Steam Wave and I love it. It has a non stick soleplate, spray mist, and variable steam and fabric dial. I was quite impressed. Heats up very quickly. It also has different settings for different types of fabrics. The only thing it is missing is the auto shut off feature. I always forget to turn off and unplug my iron, so I fixed that by plugging it into my surge protector. That always gets shut off when I leave the house, or leave the room.
Definitely thumbs up and worth the investment.