I got it to the range yesterday, and put about 120 rounds through it. It was decently accurate, given the rather small sights. With the brass cased ball (50 rounds Winchester, 50 rounds PMC) it fed and functioned fine. With the steel cased Russky ball I had, it would not eject a SINGLE round. FTE every time! Guess I'm giving the rest of that stuff to my buddy who's .380 eats it like candy. I also tried a magazine of Winchester Silvertips, and they fed fine, and were actually more accurate than the ball I had been shooting.
My review:
The trigger is nice, and the gun feels good in my hand, except for the short grip, of course. Recoil is actually not very sharp, as it is not a blowback mechanism, it actually is a locked breech. Aside from the steel cased stuff not ejecting, I only had one FTE, when I dropped one round in the chamber, and loaded a full mag - the first round didn't eject. I tried the same thing several more times, and it functioned normally. As folks have said, it takes a couple hundred rounds to break in well, so I will be putting another couple hundred, testing for the same failure, and will do so with whatever ammo I choose to carry to be sure it feeds and ejects reliably.
All in all, a nice little pistol. Wish it were a little less $$. I'd also probably rather have a Govt. .380 for the slightly larger size and 1 more round in the mag. As I mentioned before, this pistol is a compromise. I'm trading size, capacity and power for something I will feel comfortable carrying almost all the time. A .380 you carry is infinitely better than the .45 you left at home!