Which means that it is wire, magnets, some steel and bearings.. Not much to go wrong there.. Other than the bearings it would be zero maintenance..
The controllers are going to be fairly sophisticated but they make brushless motors and controllers to go in model airplanes these days and the performance can be astounding.. I've seen electric model planes accelerate straight up out of sight right out of the launcher's hand in five or six seconds.. It's known as "specking out", as in the plane becomes a speck..
Here is a video of European F5B electric model championships.. This is an extreme test for motors, batteries and controllers..
http://www.youtube.com/watch?v=cXNcsNLXnUM