Hi, R.:
First, congratulations on your pending arrival.
Now I must emphatically state that No, formula never has been and is not better! I can't imagine where you heard that because 100% of the sources I've ever read (and I read a lot) say that breast is best. Check out the American Academy of Pediatrics guidelines or ask any pediatrician. Formula is perfectly healthful and babies thrive on it, but breastmilk is individually perfectly tailored to each baby and is full of antibodies and certain proteins and fats that science has never been able to replicate.
Besides being healthier, breastfeeding is a lot more convenient than formula feeding. Breastmilk is always available and the right temperature. No mixing and constantly washing and sterilizing bottles and equipment. When the baby wants to nurse at 3 am, you won't have to stumble to the kitchen and prepare and warm a bottle while the child wails. You can just put the baby to the breast and go back to sleep. It's also free.
I didn't find it painful at all, although I understand that many women do. You can always try it for 1 week and see what you think. And then if it doesn't work out, you can switch to formula then.
Best of luck to you!