i had an elite 1s that kinda crapped out after 2 years, the side grips started peeling off and i traded it into gamestop after supergluing that shit back on and hoping for the best. I've had an elite 2 since release in nov 2019 and use it more or less daily on my xbox (only controller) and no issues, and i've dropped that fucker a ton of times (all the little parts fall off lol) and its still chugging along.
i have heard horror stories and it just seems to be a luck thing, i'm sure after 3 years mine might be a little drifty or something but i don't notice anything. i do wish they would release an elite 3, i'd upgrade instantly. what they have out now is the "elite 2 core" which seems to be a cheaper variant of the elite 2.