In my case, the TIPM has failed -- completely -- twice. The first time, I lucked out -- it happend while I was in my condo's parking lot. The Jeep completely died -- engine shut off, power windows didn't work, lights, radio, everything dead. If this had happened on the freeway during the 40-mile freeway drive I was about to do..yikes.
The second time the part failed was overnight. I was awoken at 3 am by my Jeep with its reverse lights on, the horn intermittently beeping, and the headlights and windshield wipers coming on. I could not get it to stop until I disconnected the battery. In both cases the dealership replaced the TIPM. I asked specifically if the part number showed that they had "improved" the part -- but no. It's the same.
There's even been a lawsuit filed to get them to do something about it:
http://www.autosafety.org/cas-calls-nhtsa-investigation-chry...
Long story short -- if you are in the market for a Jeep, PLEASE make sure you are fully informed about the TIPM situation.