A lot of jewelers will probably disagree with me here, but I'm not a big fan of the basket settings. The main reason is I think it looks kind of clunky and less delicate. I like a feminine looking setting, and the baskets I've seen are just too much metal and take away from the viewing area of the diamond from the sides.
What is the shape of the stone? I guess I haven't considered a basket setting for anything other than a princess cut, and I decided against it because I like being to see the side of the stone without that bar across the middle.
HOWEVER, the basket setting is supposed to be a lot sturdier, so I guess that should be a major consideration especially for larger stones. I dont' know...it's one of those things. You know you SHOULD buy the comfortable, more practical shoes, and you KNOW you should, but there's just something about those cute strappy numbers!