I'm on #3
Had an '88 Bronco II Eddie Bauer (2.9, 4x4, Auto) - Totaled it...
Then bought a '94 XLT (4.0, 4x4, Auto) - Trans took a **** and the rest of the truck was really rough, so it went to the scrapyard...
Then bought my old man's '92 XLT (4.0, 4x4, Auto), ran it for about 2 years for a total of ~215k miles, the last 50k of which were put on by a heavy-footed 19 year old (me). Cracked a head, sold it to a guy for parts..
Bought my 2000 XLT (5.0, AWD, Auto) 2 years ago now, have done a few small things to it (intake, exhaust, 16" wheels, bigger tires, stereo). Plan is to hang onto this one for a while and ultimately make it my 2nd vehicle, at which time it will get a small lift and 33"s..
Would really like a 4th gen V8, but that'll have to wait until student loans are paid down a little.