It's been completely reliable, it's a great car to drive, and our model came equipped with all of the bells and whistles. It's really sporty looking and we love some of the technology included with our particular model. The only thing missing was the top-of-the-line automatic transmission option. It has every other option that I am aware of. The only drawback was a drop in mpg going from a 2004 Civic to this car. In the Civic, we got 30mpg or more in mostly rural and highway driving, In the Corolla, we just make 28mpg. I was really surprised to see the drop and the car was just given its 60K service at Toyota (which would have corrected any issues related to fuel economy).
I'd have to say that Corolla's have always been an after-thought in my book. They always came off as being a little too function versus form. This most recent version of the Corolla is a great departure from the Corolla of yore. The amount of technology available in this car would give any tech CEO doing a keynote or product launch a run for their money. The most successful consumer products have all achieved at doing one thing great, bringing luxury to the masses. At Corolla's price points, Toyota has put forth quite a great effort here. If you're in the market for an affordable, economical, reliable, technology heavy vehicle, this car won't let you down. Don't even get me started on the resale value!
Transitioned to my Corolla from an 2001 Chevy Blazer. So far I am loving the car overall. It has great gas mileage, and the handling is good. I feel for an '09 the interior could be updated into something more 'modern'. I do sometimes forget I am driving a 2009. But overall I love my little car, and would recommend it to anyone.