Good news and bad news.
First: P2V (Dec 2013) - has flow 146 flights and still works fine
Second: P2V+ (April 2014) - has flown 150 flights and still works fine (upgraded to new motors/ESCs in Jan 2015 after one ESC went bad after 120 flights)
Third: P2V2 (Dec 2014) - 29 no problem flights, then augered into the Pacific 1/2 mile out with no warning on flight 30. $1700 down the drain.
That's one catastrophic failure in 325 flights. Other than that one issue, they have all been solid. I have hit nearly 70mph, flown 2.5 miles away, 7.5 miles in a flight, at high altitudes, and in 25mph winds, in various countries and states. The P2V+ is going with me to to Nepal in a few weeks.