I have one with about 700 rounds through it, no issues. This is on a 4.75lb 16". I could go lighter, but then would have to start cutting/drilling stuf, or pay big bucks for titanium.
The vast majority of failures I have seen are people treating it like aluminum when doing things like shotgunning or but stroking, things that even break 7075 lowers. I certainly wouldnt use it for anything but a range toy. Handles and transitions targets like a nerf gun though, fast.
Price is irrelevant, these are there for the weight loss. The tradeoff is durability. My very small daughter can actually lift this one and use it, which means I can get her started shooting a 'real' rifle sooner.
If you really need a lightweight rifle that someone may have to actually use outside the range, and age, disability, or other means that low weight is absolutely critical, the brass/poly hybrid lowers out there have a good rep.