This is my second Miata and the rush of endorphins that these car are capable of inducing has not waned at all in my almost ten years of Miata ownership. There's nothing on the road as inexpensive to own and reliable while being as much fun. You can't help but fall in love with these cars! Sublime handling, intuitive steering, shifting is a pleasure. Second generation (like the 2000) offers some nice improvements glass window, stiffer body, etc. while not being much (if any) heavier. I miss the pop-up lights though.
Superb suspension design, giddiness inducing gearbox, classic/unpretentious exterior styling, amazing aftermarket and owner community. One of the most reliable and trouble free cars period, possibly the most reliable sports car ever.
Bose speakers don't sound right (there may have been a recall on this), seats could use more side support for the kind of handling this car is capable of (I believe this was fixed for 2001).