Just had a baby boy, so I had to make the decision, too.
One thing to consider--all circumcision is not the same. If you specify a less
high and tight circumcision (that's the term, apparently), you get all the benefits with none of the drawbacks.
Here's a reference site, if you don't mind looking at a lot of... well, you know.
http://www.circlist.com/styles/style.html