I wrote a review on this car over 2 years ago; since that time I have put 55k on it, and, granted I drive it very hard, the car is showing its age. Honestly, this car is good, but Euro cars (BMW) can walk circles around it in terms of comfort and performance, and, sadly for the Prelude, cost about the same. The adage of Hondas being cheaper to repair than other brands is a myth, in the last year I have put in an A/C Compressor ($1050), and a clutch ($1000) parts are obscenely expensive, and the car is nearly impossible to work on. This car is a fun, and it handles awesome, but is too expensive and uncomfortable, especially with a 3-series available for the same money.
The reputation of this car speaks for itself, I searched high and low before deciding on this one, and looked at all the usual suspects (Eclipse, F-Body), as well as more specailzed sports cars (300ZX, MR2, SVX). No other car could match the Prelude as far as performance and reliablity, the MR2 was my second choice, but I need at least some backseat.
Very fun to drive, the seats hold you nicely in place and offer enough support for long drives. Great leg and arm room in the front, but the back seats are somewhat lacking. The dashboard is very unique with energy meters representing the fuel level and engine temperature. All of the controls are in the right spots and you naturally seem to find them. The car sits pretty low to the ground but has large windows so visibility is still good. Pretty quick for a non- turbo 4-banger but still looks faster than it is. The Car does get good gas mileage (usually averages around 25) for its performance though. Front wheel drive is great, especially during winter (Chicagoland area).
This is a great car; both fun and reliable. The space is a setback, but it's a fast car and the look is never outdated. I've had this car for 10 years and it's never let me down so far. Sad to see the Prelude discontinued, but much props to Honda for coming out with such a great car.