After 10 months and 800+ rounds, mine has been very good. The action was a little tight upon receipt, but everything wore in during the first 200 rounds or so and it has proven itself to be an accurate and reliable rifle. Very glad to have it, it's easily one of my favorite rifles. I would much rather have a M76 than a PSL, I prefer the 8mm cartridge and the M76 is twice the rifle the PSL is IMO. It justifies the price difference in my mind.
There have been reports of problems, many (but not all) are ammo related, these rifles will not function with every 8mm out there. I wouldn't say they are overly picky, but you can't find the oldest, nastiest 8mm surplus out there and expect it to be all good. Mine runs fine on '70s Romy surplus, commercial Prvi, and M75 (all I've tried so far).
I've read a couple of reports of mags sitting too low in the receiver as well. As is usually the case on gun forums, the problem rifles get all the attention and people tend to ignore the many people like myself who have no issues at all.
I've added a Harris bipod, my own semi-custom Picatinny scope mount, 10x40 Bushnell scope, ITC cheekrest, and RSA trigger to mine. I really enjoy the rifle and consider it money well spent.