I've had a trek 1500 for a year now and have had no problems at all with it (well, apart from when I crashed it and broke the handlebar - the rest of the bike was fine though).
When you are looking at the lifespan of a bike, you are looking more at the material that it is made out of rather than the decal on the downtube. Here's a decent link that talks a bit about the materials http://www.rivendellbicycles.com/html/101_framematerials.html