My 120" Elite is seven months old now, motorized non-tensioned, and is working fine, use it two or three times a week. It has had slight waves since birth, but I bought it knowing that for the money and non-fixed screen you have to compromise. You only notice them in panning sky/snow shots most of the time anyway. Absolutely no waves usually means more money or a fixed screen.
I'd buy another Elite in a heartbeat, unless I could afford a Black Diamond.