Thanks for the replies. I guess the 4.7 isn't bad at all then. So the limited does look better, but is it worth it?
As far as I'm concerned, yes. It feels like a luxury vehicle inside, which is what we were looking for, and the chrome trim is really sharp. Other people probably don't need all the bells and whistles that come on the Limited, though. Just look at the features and get what fits you best, and try not to think too much about what the badge says. Like I said, we absolutely had to have the saddle brown interior and loved the chrome assist handles on the hatch and the chrome trim and wheels. If you don't need that stuff, you will probably save a little coin by going down to the Sport model.
Also, looking at prices, one can get an 06 limited 4.7 4wd for about 18k and for the same price you can get an '08 non limited w/ the same stuff. What gives? The mileage is about the same.
It's two years older, but it's the up-model. That's why its the same price as a newer vehicle with the same options. The non-Limited is probably missing some of the features that come on the Limited, but it's a newer vehicle.
Any differences between the 06 and other years that are important? Any chronic issues w/ the 06 and/or the 4.7?
Someone else can answer this better than I can, but generally as a vehicle progresses through it's model generation, small improvements are made on the design to make it more reliable, perform slightly better, etc... In all my research, I didn't find any major issues with the '06 compared with the newer models, and the year-to-year changes were inconsequential to us. Like I said though, someone here may know something that I didn't find in my research on the vehicle.