Well, I have to say, in a similar spirit to Brad's post; Carry On Gang!
To all of you young'ns out there (never thought I'd be typing that any time soon) a BIG congratulations on making an excellent purchasing decision. I've had (5) 914's and (3) 911's in my 20 plus years as a PCA member. I can't say which car is my favorite but I do have a much larger spot in my heart for the 914.
It's an excellent "first" and "last" Porsche. You have a mid-engined sports car with an extremely low CG, two trunks and 4 wheel disc-brakes that are hard to beat by today's standards. Is it underpowered? Depends on how you look at it. I'll bet Vic Elford could kick everyone's ass at the next autocross in a stock 2.0 (or 1.7 for that matter)
Now, for those who give you shit about the Volkswagen heritage, you may want to remind them that the very first Porsche was nothing more than a collection of parts from the VW bins. Or, best bet is to walk away because they're idiots. Because of this close relationship with VW I feel the 914 is "more" Porsche than most.
Do 914's have problems? Yup. Rust issues would basically sum it up. But, if you fix them right and keep them in check you'll have a stunning automobile (even by today's standards) that will take you anywhere, reliably and in comfort. I've taken two cross country journeys in my various 914's with little more than a battery tray issue.
Prices for good 914's keep going up. True "Porschephiles" understand what this car is. You'll always have the "pin-dick" Porsche element (no offense to "most" Porsche owners but these are the ones who bought their Porsches to get a penis extension NOT because of the heritage and the fine automobiles that they are) who will shun your 914. Simply glance down at their crotch with a knowing nod, walk away and enjoy your 914.
So there you have it... my long winded way of saying congratulations on your decision to purchase a 914. Carry the torch and keep those 914's on the road. You guys (and gals) rock