Bought this car in August 09, currently has 4500 miles. So far, so good. Has a very smooth, comfortable ride. The steering is a little odd, and takes some getting used to. Can't really get a feel for the road when driving, but is not a deal breaker. Definitely not a sporty driving experience. The controls are all well placed, and work well. The clock position doesn't really bother me. The trunk is adequate. The seats are very comfortable, and back seat space is surprisingly good. No brake or mechanical issues, or strange noises or rattles so far. Hoping to keep this car for 10+ years, so hope that continues. This car replaced my 15 year old Geo Prizm (basically the same as a Corolla).
Many storage compartments, sporty exterior appearance of the S model, smooth comfortable ride. Nice seats, well-placed controls. Aux jack and wheel mounted radio controls & Bluetooth for my phone. Mpg is very good, at least 35, and it's not completely broken in yet.
Don't like the automatic exterior lights (You can't turn them off when the car is on), or how the doors automatically unlock when you place it in park. Steering feel could be more responsive(miss the hydraulic assisted steering). There is not much distinction between "D" and "3" on the gated shifter