Bought this truck new in August 2001 and have enjoyed it ever since. Plenty of power from the 4.7L V8, great body style, and reliable from the get-go. I have 165,000 miles on the truck and it doesn't eat a lick of oil between changes (every 3000 miles). Best of all, it does everything I ask of it. It tows my trailer with no problem at all, hauls most anything that will fit in the bed, and doesn't seem to be pressed no matter what the cargo.
Best part of the truck is the engine/transmission. The 4.7L V8 is strong enough for any task and the acceleration is great. The transmission shifts smoothly with no power lag. Overall, very well engineered and a joy to drive.
Had some problems with the automatic window/motors. Had to replace three of the four so far. No other issues that are out of norm for the mileage and age of the vehicle.
I bought my truck (4.7 2wd quad) new November 2000. I get 24 highway and 18 mixed driving. I have a camper shell on it so maybe that helps with the better mileage as compared to other postings. Over these 9+ years I have had one window motor, Oxygen sensor, air- bag sensor go out, about $900 dollars total from the dealer. No other problems with the truck so far.
over all this has been a very dependable trk. other than recalls, had a problem with front leather seat that cracked at 36000 mi. that dealer wouldn't take care of. still looks good and drives great. have AWD plus 4wd in Midwest and never been stuck. gas mileage runs around 15-16 could be better.
wide rear doors, over all appearance.
grease fittings, fender well mud flaps, so water, sand, and other debris stays out of engine compartment.