Pros: Incredible engine/tranny (5-spd manual)Cavernous trunkAmazingly fun to driveCan go the distance
Cons: Not for the person that doesn't love what they drive.
Bought the car in '99 with 54k miles for $12,500. It's been my daily driver ever since. Over the last decade I've driven it ~140k miles and probably put $15k in maintaining it. The VR6 motor is an incredible piece of engineering that has provided years of enjoyable driving. The rest of the car has held up well but is showing it's age. I find this car to be a great value for it's level of performance and longevity.
VW engineering does not come cheap. Bad experiences at private VW shops and with non-OEM parts has forced me to use the local VW dealer and OEM part distributers. This adds to the maintenance costs but ultimately led to the car's longevity.
Rust is also an issue on these cars. Mine was undercoated at the factory which has added years to the chassis. However, every 2-3 years I put the car into the body shop for inspection, rust removal and undercoat reapplication (typically runs $200-$300).
Final words:This is a car-guy's/gal's daily driver. Non-stop fun to drive that can go the long haul, if you're willing to take care of it.