I love my wald basket. Personally, I think having a front basket and rear rack is the best of both worlds. I can throw all my crap in the basket without much thought (like U lock, etc) and if I realize I need to stop at the grocery store for a gallon of milk or whatever, I'm not SOL if I didn't bring panniers or bungie cords. Then the rear rack can handle large items that would be awkward or might not fit in the front basket.
