We have a 4th Gen
right now, and I've been contimplating buying myself a 3rd Gen.
I love the rear locker on the 3rds and the big selling point for me is it's narrower by a considerable amount.
I also am a fan of the "racing" 3.4ltr. I love my 4.0, hell I chose it over the 8 in back to back test drives, but I miss my 3.4. I have had both a Taco and a T100 in the past with the 3.4. I got over 180,000 on my stock clutch in my T100 and then sold it for 14,000 wiht the bad clutch, the guy was want ing to put a 350 and a 4l60E in it and SAS the front so he was a little, off, in his judgement.
Regardless, I personally own the 4th gen for my wife, but I prefer the 3rd gen for myself, I like the overall ruggedness/lack of refinement that the 3rd gen has over the 4th. I will probably have both in the not to distant future as well.
The both have positives and negatives, i wouldn't sell my current one, nor would I tradeit for a 3rd gen, but I would have "both" in the garage at the same time.
Food for thought
T