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I find the idea of a diaper pail completely disgusting. I read the reviews on every popular diaper pail and couldn't bring myself to buy one until I found this great alternative -- the Diaper One N Done. It is not fancy but totally serves its purpose. I have the simple white one, but it does come in patterns. I put about 4 pee diapers in it before changing the bag. I tie up the bags of smelly diapers right away and put them in the bathroom garbage to take out once a day. The bags really do contain any smell.
You may also be interested in my post on diapering essentials.