I am new to this forum, but i have been an observer of this forum for 5 or 6 months or so. I am very happy with my SLT 1554. I maintain 2 acres of mostly fescue grass, with several areas that have generous slopes to them. I decided to post today because I agree with something I read here... those with the problems tend to speak the loudest. Now I will admit, I have been getting slightly paranoid lately after reading the posts of others, but on the other hand I don't ask my mower to do more than I think it can bear. I'm not making excuses for CC either, because I "upgraded" from a Craftsman LT 20 HP 42" cut hand-me-down, that thing seemed to be almost bulletproof. But there may be serious issues taking place that CC needs to address.
I went with a CC because I thought I was buying something that was built to last, not "built to last until I use it." I think a lot of the issues that people are facing are being addressed in the service bulletins, you just have to have a competant dealer to handle them. I personally purchased my CC from Lowes (could not pass up the SUPER deal I got on a 05 close-out), but the first thing I did was find a reputable dealer in my area. I do the majority of my own wrenching, but they (the dealer) do provide me with invaluable information. I patronize Gamble's establishment (i luckily have only had to buy a multch kit, oil and filters) in Conyers Ga.
I hope that those with pending issues with their CCs get them resolved, but to answer the question again... yes, I am very happy with my 1554.