I am sure I'm one of the select few who have "traded down" from a 2006 Tacoma to a 2007 Ranger. My brief 2.7 5M SR5 Taco experience included two trips to the dealer for a bad rear end (in which the whole "pumpkin" was replaced) and two trips for a clutch/shift problem that wasn't resolved. The Tacoma is vastly over-rated. My 4x4 was bone jarring on the road, had no torque, shifted like a bucket of bolts, and got just 20-21 mpg. But so much for Yota bashing. My 2.3L XLT gets GREAT mileage (31 mph), shifts smoothly, and has enough power to get up about any hill without downshifting. Yep, the platform is dated, but it still looks good, works hard and is really worth what you pay.
Great gas mileage, torqued nicely and despite its age, still has an attractive exterior. Interior is very functional. Seats are comfortable. Good value for the dollar.
Handling could be improved as well as overall ride quality. As mentioned in other reviews, ride is choppy. Interior could use some updating.