I not aware that the jag 6-cylinder is unreliable. The bottom end is bulletproof, the timing chains will last longer than any car....I can't really think of anything so bad about these motors.
A head gasket replacement may be needed at 100K-plus miles, but that's not so bad.
On my '87 Xj6 (115K miles) I use one quart of oil about every 2,000 miles and is does leave some drips now and then, but considering age and mileage, I don't consider that to be too terrible....and certainly nothing that I haven't seen on any number of typical V8's.
It is true, though, that, when the time comes, this motor can be very expensive to overhaul and I think that alone leads to many V8 swaps.
Of course, another advantage to the V8 swap is that you have a motor that is a familiar sight at any repair shop when you need repairs.
I'll agree that neglect is the biggest factor...
Cheers,
Doug