I've had 2 more fail since my initial vote.
One failed BEC and one failed up in flames running 6S on a 1.5D.

Add one last failure...

I just had another v2 fail...1515 1Y on 4S MaxAmps 8000MAH in an e-revo geared 22/58 with a UBEC. ran for ten minutes and just quit. Amber light was really dim and flickering.. Could disco batteries for a few and power it back up, but as soon as you hit the throttle, it would quit. Something smoked as you could smell it.
Just happened to be running an Eagletree V3 and can say that all levels were pretty much in line. Max Amp draw was 95 Amps. Voltage never dropped below about 14.5V. Motor RPM I think peaked out around 34K. Temps were all negligible.

me i have 5 failed(close to larrydino:lol:) since my initial vote!!!!!and now i have a working v1 unit in the mail!!!!its seems that the v1 are more reliable at long term use!?

Have about 3 runs through my MMM with no issues yet. Setup is E-revo with teckno Nue 1515/1y and polyquest 30c 5000mAH 2s lipos. I have no complaints and the power is amazing!!!!!

Mine works perfectly run after run, Neu 1515/1/y F, polyquest 4s. Updated it to firmware v1.18.

E Revo with Medusa 36-60-1500kv on 6S. Case Mod, No external BEC.

Is working GREAT. I love how the fan knows when to cool it off.

V2 dead at 61 hours of use. It died with a failed firmware update attempt going to V1.20. If said the attempt failed, but shows V1.20 is current when linked, and fails on any attempt to change firmware. It will not arm or even try to make tones. red led comes on very dim but power goes to the servo. When I opened the case I found the fan lead broken off the board too. Time to send it in for a V3!

I had no issues updating my V1 to 1.20. Other people have broken their fan plugs off but I don't think that theirs failed, they either ran without a fan or just used 3rd channel