Had the truck for a year, and no major problems to report. Drives through 2ft of snow like it's nothing, tows like there's nothing there. I was disappointed by the gas mileage - around 15 MPG around town, without a load. Ride is terrible with the TRD package, but it's in line with my expectations for a truck. It also has a very clunky manual transmission. Has had numerous annoying interior rattles, which I did not expect on a Toyota. It also feels quite tippy and has a lot of "bump steer" even on slow corners. All annoyances aside, it's a great truck. I like the simple, uncluttered styling, inside and out. It is very "trucky," but it feels solid and should last forever.
Torquey V6; simple styling; off-road/bad weather capability; V6 available with 5spd; not too big like the '05 Tacoma
Fix the endless assortment of squeaks, creaks, and rattles!! More comfortable seats. Less-clunky shifter. Rear disc brakes.