LOL, I love how people who've never owned an FD stumble over themselves to chime in on it's reliabilty.
Still there is some truth there....
IMO, Properly maintained NA rotarys will last you 150k or more. I know some that have gone 200K with little more than new clutchs and frequent oil changes. But when MAZDA stuffed two turbos under the hood on the FD, with a complicated sequential system to manage them, together with ALOT of crap needed for emissions...reliability was significantly reduced. It's sort of the undeniable reality that PERFORMANCE is inversely related to RELIABILTY... or if you prefer...LONGEVITY. Add to this that you get huge bumps in horsepower with relatively simple and inexpensive bolt-ons that virtually any adolescent can do. The only problem is, it's not as tolerant of the average shade-tree tuner as a Honda is, so they tend to blow up frequently from ill-advised (unsupported) mods. I think this latter phenomenon feeds alot (but not all) of the FD's poor reliability reputation.
FDs IMO are not a good DD. They are only two-seaters, have no luggage/storage, ride a bit on the rough side, loud, small, suck on slick streets in the winter and get crappy mileage. You have to be damn near religious with maintanence. The newest one is still 13 yrs old, so most dealership techs have never even seen one and Rotary specialty shops can be hard to find. So, IMO you really need something else. Your still in school and it sounds like your budget would be stretched with two cars. I'd put it off for a few years.
I love the rotary engine. My experience with them goes back to 1981. But in my mind, doing an LS1-7 swap is not a whole lot different then sticking on a huge single turbo, FMIC, etc. or otherwise modding it to within an inch of it's life. Just another performance mod. I love the rotary, but equally appreciate the chassis and looks. So personally I'm OK with a V8 swap. I just wonder on "refinement" aspects. Someday I'd like to drive one.
My .02.