I recently replaced my old iron with a Sunbeam SteamMaster Drip Free model for about $25-35. I'm sorry I selected this model, but will use it till I can't stand it anymore. It has a teflon coating, but the design of it is a pain and it keeps catching the fabric on the edge and puts more wrinkles in than it removes. It's top heavy because the cord winds inside the bottom. The cord is too short. My old one had a nice long cord. And the pointy end kind of goes up a little, so I have to lift it up a little to use the pointy end. I searched at several stores and didn't really like any of them...so I settled for this mainly because it said it was drip free. That was the one thing that caused me to get rid of the old one - dripping water all the time.
I also have heard mostly negative about Rowenta. I'd rather buy 10 cheap irons than 1 expensive one.