Purchased used in July of 2003, this pick-up has been very reliable for me. Ride is typical for a truck with a live front axle and one ton suspension. The 460 V-8 averages 8 mpg in the city, 12 on the highway. Twin fuel tanks allow a 500 mile range, but a fill-up from empty can drain your bank account faster than a weekend in Vegas. Everything is still working on this beast and no rust has developed despite living in a region of the country where the roads are heavily salted in the winter. The low range in 4WD is extremely low and has taken me to places where I would never have taken a 1/2 ton 4WD pickup. Overall I have been very happy with this truck!
6 passenger seating, high ground clearance, 8 foot bed is handy for big stuff.
Fuel economy is understandably poor. Perhaps making this a hybrid vehicle would be helpful (just kidding). Seriously, locking front and rear differentials would have been a good idea and PTO on the transmission would have been handy.