This is my 2nd LX 470 (1999) and my 5th Lexus model. I test drove and researched every competing model before I purchased this vehicle. Previous years owners will love the added horsepower. The quality and workmanship is superior to everything else available. I completely disagree with every complaint in the category - I don't think they understand the market. The one drawback is size. If you are looking for a larger SUV (Tahoe, Sub, etc.) the LX 470 will be too small for you. Also, for towing, I just purchased an 07 Escalade ESV. The LX470 is not large enough for towing but it's also way easier to park than larger SUVs.
Always wanted a luxury SUV. I test drove the RX 330 and the GX 470 but neither one has the comfort , the ride and the sheer power of this heavy SUV. I love the looks inside and outside. Several times a year I am on the road up and down I-95 and traveling at about 85 to 90 miles using the air condition and we get 20 to 21 mpg on an almost 6000 pound SUV.
After five years of owning a 2001 LX 470 I was told it was time for a new car. The problem was after test driving other SUV model cars there was no comparison. The pick up was the biggest difference. There is not another SUV of this size with the pick up and reliablity of pick up as the LX470. There is not a smoother SUV on the road. I bought the identical car and I would do it again. The only complaints are the same as they were in 2001. The third row seats are too difficult to operate and move in and out. The tail gate should also swivel out as in the smaller 470 model. I have to get into the car to remove groceries. I'd also like another 6" split between the the back two seats.
After only three weeks and almost 4000 miles, I've developed a love/hate relationship with the vehicle. Lexus has seen fit to "refine" the ride of the vehicle by using Dunlop tires instead of the Michelins we all loved. This has created more body roll in turns than I find acceptable. Stiffer sidewalls were better. In an effort to keep us safe, Many functions are disabled while the car is in motion, such as Navigation System input. Also, when locking or unlocking you are subjected to that insidious "beep" that not even the dealer can eliminate. I think that Lexus has forgotten it's off-road roots and has created a not so special vehicle-for-the-money. I'd rather have an older model.
I've had my LX 470 since late March, 2007 and have driven SUVs exclusively for the last 10 years. While I've never paid close to what the LX 470 cost me, I must say it is worth it! A great ride. Excellent sound system. Incredible on road trips, but runs through $70 of gas more quickly than I'd like.