I've been agonising over the same decision for a while now. Currently have a wagon, but I think I'd really like a ute next.
My Pros:
* More space in the rear of the ute.
* dropside tray = space under for water tank, plus less to damage offroad
* no canopy / easily removable canopy = ability to take a load of crap to the dump, buy a new fridge, etc
* turbo diesel = longer range and better fuel economy
My Cons:
* Currently the fridge, etc, all gets nicely locked up in the back of the car - can't do that in a ute
* Having everything open in a ute means it all gets wet. A canvas canopy will help, but there's still the dust to clog fridge compressors, etc
* The wagons are nicer inside, ride better with the coils, more space inside
* See the "another bent dual cab" thread
Earlier this year my old man bought a GLX Triton when they were very cheap. I felt a bit cramped inside it, but I could work with it. I'd prefer something a bit larger inside (Patrol / cruiser / Amarok??). But even as a base-model GLX, the Triton had everything you would want - traction control, bluetooth, cruise, etc.
Honestly, I don't know what I'd do if I had to decide tomorrow. Luckily it'll be a couple of years before we can afford to retire the current one, so I've got some time to make up my mind. I think the 3.2L Ranger currently comes the closest to what I want, but they're still expensive. I spent last weekend eyeing off my dream rig at an adjacent campsite - a cut-down 76 wagon with steel tray. That'd be perfect, but is certainly the expensive option since I would want one of the later 76's with ABS (Hey Toyota - 1970 called, they want their chassis/brakes/tape player back). A cut Patrol or Cruiser would also be nice, but then you're paying a lot of money for an older car.
Who am I kidding - I do know what I'd have tomorrow assuming money was not an option:

Cheers,
Matto
