This has been really helpful.
I'll go for the 3.8 :) Thanks a lot for your feedback!

As for the new shape, I keep hearing rumors that they're releasing a new model in 2014 or so. Online auto forums didn't offer much help either, but I guess you're right.

As for the Prado, it's a great car but I believe Pajero 3.8 offers more value for money. I don't know about you guys :)