I like the first one for small spaces but it is a bit taller so the falls from it could be worse.

I like the second one best overall but it will take up a lot of room lengthwise. It is possible to do it other ways though so it takes up less room I think.

I have a taller one. It's got stairs to get to the tall slide, a playhouse underneath and than a swing structure to the side with 2 swings. It also came with a pool that goes under the slide so they can slide into the pool but I just use it separately. I got it for an incredibly cheap price used so I bought it but I am now kinda regretting it with the younger kids. I have taken off the slide and blocked the stairs so its now really just the swings and play house. However, I have two other playhouses and a smaller slide so I think I may sell it and save up for the second one you posted. However, not this year....my fiance is tired of me changing my mind and having to swap out toys and such every couple months LOL

Mine is this...http://ecx.images-amazon.com/images/I/41R5SH68NKL.jpg with this pool

http://i.ebayimg.com/00/s/MTAwMFg3NTA=/z/KdUAAOxykMpTIglE/$_35.JPG