Bad Credit,
I thought I had always respected my aircraft fully until one day, I questioned the reason a Chief Pilot about his reasons for operating in a way that was contradictory to my training (what someone else had taught me). What he said, shocked me into thinking about the implications of getting something wrong because the person who had trained me had failed to instill the importance of preparing oneself fully to expect the unexpected. I realised that I hadn't been taking the threat of OEI after takeoff as seriosuly as I should and now, my pre takeoff checks take 15 seconds longer than they used to. Every time! You are right about the fact that something like a V1 failure happens very rarely but the point I was trying to make is that you should always expect it to happen, no matter how rare it is. I think you have got that point now and I am sure you (and I hope everyone else on this thread) will be thinking about it hard next time you line up on the runway.
Safe flying!