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Leak: Valve is making a Steam Controller 2
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Not to defend Microsoft, but I haven't had any issues with my Elite 2 controller, and I've had it for a couple of years at least.
My left bumper stopped working consistently on mine. I never have issues with my other controllers.
I've definitely heard complaints about the Elite bumpers, so I'm not saying that isn't an issue. For whatever reason though mine has held up fine. I don't know if I got lucky or what. I'm pretty careful with it, but my 2 year old is not so it's had some falls from him grabbing it off my desk. I have had issues with the standard controller geting the bumpers jammed after a fall though for sure.
My grips started peeling after close to three years of heavy use. A tube of silicone glue fixed it right up.