Hi. I work in a bike shop as a bike mechanic, and the shop I work at sells giant bikes. We are located in Fernie, British Columbia. Let me start by saying that you have picked an exciting time to get back into mountain biking. The technology that you can get at the price point your looking at has never been better, and the 29" wheel has really come into its own. I think at your size, the 29er will be a great fit. As you have noticed Giant, because its the largest bicycle producer in the world, will give you some pretty good bang for the buck. My advice to you would be to go, at least, for the best value. Our shop hasn't brought in any of the Talons, so I can't speek about their quality from experience, but I'm pretty sure that we didn't order them because they seem 'cheap' buy what we have seen in the catalogue. The XTC frame is highend, and they offer really good build kits for the price. If only can work your budget up to get into the XTC 29er 0 you would be getting the awsome 2012 shimano xt full kit, for only around $2000. It is an incredible deal man!
As for avid elixer 1 brakes, they work fine, and really don't have any more trouble than any other brake you are going to find on a bike that cheap. One thing to keep in mind here, is that you will hear about a lot of problems from Avid Elixer brakes, (to be honest, we are servicing them all the time in the shop!), But that is mainly because almost 95% of the OEM brakes on new bikes these days happen to be Avid Elixers! They are on just about every bike we sell in our shop, there fore it is to be expected that they are the brake we see most in the shop needing service.
Hope i've helped a little. I can probably answer more specific questions later, if you need
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