I have a Brolin YL-12, which is the same gun (probably made in the same factory) with a non-tactical wood treatment.
If you get it, replace the magazine spring immediately with one from Wolff. Also, I had to fiddle with the shell stop to get it to feed reliably. Now, it is 99.99% reliable, but still fails to extract once in a while.
Also, I found out the hard way that parts aren't interchangeable with the Ithaca 37 like I thought they might be. I haven't tried replacing furniture, but the shell stop and associated screws are different. This may be an issue since the government banned norinco from further imports for 2 years.
Aside from that, I love the way it balances, and it definitely feels more compact and manageable than an 870.
For the money, I'd say it's a good idea if you're looking for something for the range... but be warned that you may have to put some time into making it reliable. For defense on a budget, you're better off with a Mossberg Maverick or Rem 870 Express Home Defense, although mine is almost reliable enough to where I'd use it for defense if I get the extraction issue worked out.