Well my experience is as follows:
I had a Quad PowerMac G5 and that machine gave me so many problems and spent so many days at Apple to be repaired that after 2 years and so many days that I could not use for work Apple finally agreed to replace it for a new MacPro. They did not actually gave me a comparable top of the line MacPro, something I did not agree as fair, since I paid for their top of the line, but at least the MacPro I have is faster than my Quad G5.
That said, my MacPro also had issues, but not as serious as my old G5.
Now, I am still have 1 years left on my Applecare and I am planning to replace to a possible new line hopefully coming now in March/April.
I hope this new update will be more reliable, but if the past is any indication, I am not holding my breath.
It is just too bad that the most loyal Apple people (creative professionals) are not a priority to Apple at all. Unfortunately Windows is not an option, so I just have to hang in there and hope for the best.