i have a 2004 Explorer XLT. V6. It has 7 Seats, leather everywhere, DVD in the back for the kids, sunroof, ac, 12V plugs in the front and back, 6' sleeping area, etc.
We now live in BC, but we bought it 10 years ago in NY when we lived there. It has been back and forth across the country a few times, up north, down every logging road in the rockies, done thousands of miles of washboard, and pretty much been unkillable.
We've slept in the back, camped out of it, and when we did our last trip to PA and back last year I installed a $300 Class 4 hitch, put a basket on the back, and loaded it with all our stuff (we have three teen boys so they have a fair amount of stuff).
When I lived in the mountains I put a bigger set of BFG ATs on it, (235/85R16 IIRC) no need to lift, they fit ok and I could still run cable chains in the winter. They were an E rated tire so they took abuse with no complaints.
The standard roof rack carries my canoe, skis, kayaks, bikes, etc. The rear hitch has carried a 250 CC dirt bike. The traction control is not as good as a Land Rover, but not bad.
It does have independent suspension front and rear, but so far we've had no issues it, beyond new CV joints at about 200K miles.
I appreciate the proper low range transfer case (I think this was the last generation to have that) and the solid frame. I've towed a camping trailer up logging roads without issue.
FYI - this is not the only arrow in our quiver, we have a Defender 110 (200 tdi), a half dozen other rovers, and I had a Suburban before which I sold. Yet we often take the Explorer on longer trips.
The Explorer is not a perfect truck, it's not a rock crawler, you won't tow an airstream over the rockies, and you need more than a crescent wrench to fix it, but honestly, for 99.9% of what someone needs to do when they are looking for an "overlander" (not a rock crawler) then the price/comfort/availability-of-spares for these trucks is pretty hard to beat. There are not many places it won't go in low range with a set of maxtrax and a good spotter.
If you buy one, go for the V8, the V6 we have has plastic timing chain guides and they are a pain to change when the mileage gets high.
Just my $0.02