Indeed. I have a 1999, bought it with 65,000kms, and have 120,000kms on it right now. The only problems I've had, are ones that I MYSELF have caused from being stupid
I'm SURE those people who have multiple alternator problems also have some kind of undiscovered wiring problem... A member from Ontario just had alternator #3 or 4 installed and they found that the wires were fraying from a plug.... got a new one, and its all better now.
The car is great, it handles better than it accelerates, but if you develop the strong attachment to the car that most of us have, theres always the option for a 3.0L engine upgrade down the road.
All in all, if its been safetied and e-tested and all that stuff, see if there has been a mechanical inspection or warranty (getting it off a lot, or a private sale?). I would go for it... I paid $2500 for my winter/daily driver, but I definitely would have gone for another cougar had one been available!