The Slot Loaders are also a hack, they're just nowhere near as obvious. However the internal design is an absolute garbage dump of electronics (no idea why I went for that phrase, but go with it) and the critical structural components holding them all together will crack, flake and fall apart over time. The Tray Loader's materials are of reasonably quality, being much more solid, and the overall structure is sturdier. They have their faults, but at least they hold together.
Compared to the Slot Loader, the Tray Loader is an absolute gem - although they're still incredibly difficult to work on.
I threw away my Graphite 400MHz Slot Loader after the chassis deteriorated. My Graphite 600MHz is headed the same way. I have a brilliant little 333MHz Tray Loader in Strawberry now though. Although I can't say I'm entirely enthusiastic about it, it is in fantastic shape and it works perfectly.