I have one and loved it... just sold it to my best friend.
The seats recline fairly flat. There are two grab handles (they have finger grips on them) on either side of the back of the seat. You need to lift them up and pull the seat back. It works better with a child in the seat as their weight helps the seat to recline. I think that there are four different recline positions.
The canopy's slide up/down the bars they are attached to. This makes it easy to adjust the canopy height lower/higher depending who you have in the stroller at that time. Right now, the canopy is as high as it goes and my 47" 6.5 year old still has nice room above his head. The bottom of his ears are even with the top of the seat back, so he doesn't have head support if he leans back though.
The breaks are on each wheel. It looks like a straight bar up and down. When you push it to the side, it pushes a ball at the end of the bar into the wheel and locks it.
This is the two of them last year at Disney. They were 37" and 45"...
Another shot with M sleeping while we wait in line for Nemo...