I bought Braun Silk Epil SoftPerfection epilator after carefully researching different brands and reading customer reviews. It seemed to be what I wanted: reasonably priced, effective, and not a torture machine, according to most people. I tried the epilator shortly after it arrived, and I knew right away that I made the right choice. The device is compact and convenient: there are only two speeds, controlled by one button - nothing too hard to figure out. I suppose it is a matter of personal preference what speed you use; I like the higher one, it seems to make the whole process quicker.
Most people worry about pain when it comes to epilators. I find this one very tolerable on my legs, but I can't use it on my underarms (although the manual says it can be used for that). When you first start, you are a little more sensitive, but then you get used to it. After the first 30 seconds or so, I don't even notice any pain.
The results are great and long lasting. I can easily go two weeks between epilating, and even then I only need to take care of a few hair here and there. I'll never go back to shaving! :)