Yes lots of truth. There was also problems with the head tube weld. IT used a triangle shaped weld which moved the stress to the toptube, ripping it in two. In 2002 (I believe) they changed it to a V (standard weld on most downtubes) and it fixed the problem. As of 2003 most of the problems related to the chameleon were fixed....except cost. There are many aftermarket frame makers making better frames than this one.