I'll start with CONS
Gas Mileage
I haven't had mine for too long, but it is my daily driver and I would say that while the gas mileage does suck..I knew that going into it. I've actually been impressed that I've gotten over 20mpg around my hometown at times though. There are two different ways that I can get to work. The shortest way has about 10 stoplights and I average between 14-16mpg (according to the 4runner) depending on how many lights I hit. The longest way is basically double the mileage, but only has 1 stoplight and I routinely get about 21mpg. It seems to me so far, you want to be in that 40-55 mph range as long as possible to "reap" the most gas mileage benefits.
No Auto Headlights (at least on my 21 TRD ORP)
I don't understand how a vehicle has auto high beams, but doesn't have auto headlights. What? My 2008 car has that feature. WTF? This bugs me more than the gas mileage...and I'll fully admit I'm lazy and have just gotten complacent with turning my headlights on when I need them.
5 Speed Transmission
Not a huge deal for me yet (haven't towed anything), but you'll notice it being sluggish at times. Definitely don't pull out in front of someone or try to race anyone.
2.1A USB Charging Inputs
Takes my iPhone a good bit of time to charge. I bought a couple 12v Anker Chargers that work much better.
PROS
It will blow your mind. Enough said.
Look, this is a badass vehicle. We all know it, or we wouldn't be here. I've driven a number of SUV's, even other Toyota's (Highlander, Sequoia, even Tundra), but the 4R just always seemed to be the perfect balance of size, performance, and bling to me for an SUV. I've driven a couple rental 4R's when traveling and they performed great, and just felt solid for being older vehicles...one time we even had to drive through hurricane flood waters and over and around debris for a few days, and also drove over some pretty loose sand at a beach when I thought we might spin out some. The 4R crushed all tasks. I was very impressed.
Anyways, I finally purchased a 21 TRD ORP, and have to say...it's exceeded my expectations so far. I went down a rabbit hole of reading reviews and watching YouTube videos, all that stuff. And admittedly, I haven't towed anything or done any serious off-roading yet, but did take it down a gravel road with 6 creek crossings...muddy/gravel and water crossings probably 16'ish inches deep at most with a decent base...I've got the stock tires which aren't real AT tires at all, and they did fine on that road, but I would not trust them in any capacity for any serious real deal off-roading...or even the road I did without a buddy for that matter.
I've got no complaints with the entertainment/navigation stuff...I'm sure it could be better and faster, but it works and does what you really need it to. The speakers actually sound really good too for factory speakers IMO. I listen to all kinds of different genre's and you can dial in a decent sound for anything really. Plenty of bass and kick.
Back seats fold down nearly flat (not common for some SUV's) so it is great for camping/overlanding for 1-2 people, plenty of cargo space, and you can roll down the back window which is AMAZING. We basically live in the country, and have to haul our own recycling and trash at times. Yep...that feature is amazing. LOL Airs everything out quickly.
Anyways, I forgot this was supposed to be a PROS/CONS list and not just my review of my 4R and then me rambling on a bunch and so on.
TLDR: If you want to buy one, and can buy one, buy one...it will make sense, plus there are much worse ways to invest your money. Hell, you could've probably made money if you bought one a year ago and sold it or traded it in. It's getting crazy out there.