IMHO the 3rd gen is a great platform and I even prefer it to the 1st gen DC Taco. As others have stated, the bed is too small and I like the 5link rear suspension more than leafs but I guess that depends on how you use it. If you need the extra carrying capacity, get a small utility trailer than is used for those specific hauling purposes. When I retire my 3rd gen, I will either be getting another 3rd gen (lower miler from southern states) or a LC 80 or 100. A well setup cargo area in a SUV is replaceable IMO cause you can lock it up and walk away without worrying.
I really like the look of the 2nd Gen. Tacomas but I just don't think they are as well built as the Japanese made Toyotas. The 4.0L v6 on the newer 4runners and Taco is a definite advantage but you can throw a S/C on the 1st gen Taco or 3rd gen T4R and with the right setup you can get 16-18mpg (so I have read while doing research on the subject, no first hand experience)... There are issues with all vehicles but I think the newer Tacoma's just have more:
2nd Gen. Taco's:
- idler pulley issues
- wheel bearings (expensive to replace and non-serviceable.)
- LCA's have lower BJ's attached so when they need replacement, you buy whole new LCA
- newer Toyota paint is JUNK - chips like crazy
- "C" channel frame (not as strong)
- feel very "plastic-y" to me
If you need space, moderately wheel, and want more power: 100 Series LC??