Interesting thread. I have the original Phantom, that I waited 2 years receive after Lionel first announced it. To this day my friends still laugh and say "I can't believe you actually bought that!". I think it is cool, though.
That being said, I frequently run it on my Subway line, one of the few places in Warrenville where it will not hit scenery. The engine pulls the 4 cars with no problem, O42 curves.