I have paid $130 for a Rowenta that not only died, but it took out my fabric and ironing board cover with it.....POOF...set the cloth on fire....with NO warning! (and no, I didn't forget it)
I've bought cheap to expensive.........the BEST irons I've had are the ones I get at thrift stores or garage sales. Face it, they're going to die, so buy cheap....then you don't cry so hard when they die.
As for steam.....I use a squirt bottle and spritz the fabric. A LOT easier than worrying about cleaning the steam irons or whether they even steam or worse....they spew out ugly dirty water.
That being said, my friend/co-quilter, bought a Panasonic steam iron -- CORDLESS.....now that one has excellent steam and is CORDLESS!!!!! I may get it!