07-08 was the first year of that body style. They got a bit safer, added some air bags, the GMT-9 series frame is stiffer, brakes got a little better, changed over to coil/spring instead of torsion bars for both 2wd and 4wd models.
It got the Gen 4 5.3L that's somewhere in the neighborhood of 340hp, and the same old tired 4L65e and 10-bolt transmission and axles. Mileage between 14-17 depending on driving habits. Low trim implies you'll have an electronically-shifted part-time New Process/NVG transfer case, I think it's a NP246 or NP263, both are fine cases but occasionally the encoder motor dies and it won't go into 4x4. Window motors like to get slow. Occasionally the front actuator on the axle dies and needs to be replaced.
There's really not much to be said about it, it's a solid vehicle with a looooong pedigree, since it's basically a 1500 4x4 Silverado/Sierra underneath that was mostly unchanged from the first GMT-8 to roll off the line in '99. You'll get the typical mixed bag of GM electronics; expect peeling radio buttons and annoying OnStar, the drivetrain will be solid, it will cost next to nothing to fix and nearly every repair is going to be documented to the moon and back.
If it has AFM/DOD (cylinder deactivation) expect it to burn oil. I would be mindful of that.
Ask for service records on the transmission. The 60/65e does OK with most drivers but is not tolerant of hooning, excessive towing, or larger tires.