I think it seems obsolete already. Toyota and Nissan have been selling a truck this size, with nearly all the same features (minus the diesel engine) since late '04.
To me it seems GM looked at the Tacoma and did their best to replicate it, I just wonder why they would copy something that came out 10 years ago? When the Japanese bring out new trucks in a few years (I'd assume sooner than later due to the 2016 CAFE standard in the states) these are going to be as obsolete as the current Canyon/Colorado are now.