The S-10's rust like nobody's business. They've also got front end problems with the 4x4 versions. Talk about expensive to fix! The parts alone will set you back a grand, and the labor is a total PITA too.
Slide under the S10s and grab the front half shafts on the 4x4 models. Give them a solid tug back and forth. I'm betting you'll feel play. That means a very expensive fix.
I would go with the Ranger, myself. The 4.0L has had some head gasket issues from what I've heard, I would bet the 3.0L, even though it's a little doggy is probably a more reliable mill.
Oh, and just on a side note, Chevy 4wd stinks.
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