Upload & Sell: Off
Old? It's a relatively new design, less than 6 years old.
My gitzo is utter rubbish. I don't care where a tripod is made. It may be cheap to you but I paid $300 for it and I expect a $300 piece of equipment to last. I hate how the discussion on this forum always get xenophobic. The cameras we're using are all likely made in china...
My cheaply made bogen is still going strong. Gitzo is just a name. They are not God...
Dude - I'm sorry you had a bad experience. I've done a huge amount of research lately on tripods and Gitzo has an outstanding reputation. I specifically avoided the design your purchased myself, and the reviews I've seen generally aren't as favorable as the "mainstream" of the Gitzo line. The reviews on B&H make it appear they had some quality issues. On the whole, it is pretty clear that Gitzo is one of the top makers of tripods.
That said, bad things happen, even from good companies. I think it is fair to say you experienced the exception rather than the rule when it comes to Gitzo. Did you try to get warranty service?
I'm not saying the Induro tripod is junk, either. I recently looked at the Suiri N-2204 and it seems like a nice little job, sturdy, very nice features and at a very reasonable price.