I am really happy with the V6, but I don't tow and don't do any hard off-roading, more like snow/ski trip type stuff, for that the V6 is great and gets decent mileage, better than my 3rd gen and the 4.0 in the 4th gen makes it feel like a Veyron compared to the 3.4 in my 3rd gen. Still, my parents have a Tundra with that 4.7 v8 and it is sweet, Lexus-smooth and 1000% reliable, but I am happy I went with the V6 as it suits my needs perfectly. Just keep fresh oil in it (I use M1 5w30 and OEM filter every 5k in both t4r's) and make sure you keep fresh pink Toyota coolant (I'd drain and fill the radiator yearly, cheap and simple insurance) and you'll get square, seems like the spattering of head gasket issues were limited to the 03-04, with very few 05's from my research, 2006+ seems square.