Although I had some early warranty issues with my 02 LTC, it has been very reliable. I did have a fuel QD break on the way home from a trip a couple months ago...
I got my bike late Oct 02 so most all of the mileage is from the spring of 03 on....showing over 76k at the moment.
My SO won't give this bike up, not even for a new one. I did some upgrades of course, shocks are the most important next to the headlamp (put HID in for low beam, big diff)...ohlins are still amazing, although I'm sure they need rebuilt by now.
Girls love this bike...don't ask me why, but they do. I get requests for rides all the time and my buddie's gal wants me to sell 'em the bike
Kids are even more amazing...they'd walk right by my FZ1 yamaha without a glance, straight to the LT! Don't ask me...different generation I guess
I must say though, with the k1200S in indigo blue/white in teh stable now, I haven't seen too many people walk by that one yet without taking a closer look! Including me, I'm just getting around 100 miles on it.
good luck on your decision....geo