I'm the one with the PIT5677 harness issue.
I deposited my settlement check from GM into the bank Monday from my out of court settlement over their refusal to replace the harness, only repair it. They are losing a lifelong GM customer over this - but I digress.
The engine harness pulls too tight over the cam cover, and there is a boss where one of the cam cover bolts goes which will rub through the harness and short it out. In the case of mine, it shorted out hard enough to blow the 400A fuse the first time - but not before backfeeding current through the TCM apparently. When it wasn't fixed right the first time by their TSB, it blew the fuse again and took out the ECM, starter motor, and something else. GM brought an engineer in who pointed out a second area, apparently not covered in the TSB, where mine had rubbed through. Instead of replacing the harness, the harness was spliced more and wrapped in more tape.
The 2.7 is a phenomenal engine, and quite frankly all of this "I have to have a V8 in a truck" is nothing but nonsense. It has more horsepower and torque than a previous generation 5.3. Those who refer to it as "kludgey" have no common sense about modern engine design, particularly when bringing up balance shafts as a demerit, and then go on to refer to one of the largest 4 cylinders on the market as a "small 4 cylinder".
The engine is not the letdown. The transmission mated to it is the work of Satan, and the lack of support from the manufacturer is disgusting.