I've mentioned my Rossi M88 several times. It's an old Interarms snubnose with a pinned barrel. I think very highly of it. I own a few classic S&W snubnoses or j frames, and have come to regard it as highly as those. It's not as quite svelte as the j frame, but feels sturdier, and may actually be superior in a few respects (better lock up, better timing - at least with mine.)
I've been tempted to buy one of the new Rossi .38's, especially the 351, both because of the quality of my old one and the great prices.
In terms of quality it's one of of those deals; while most gun nuts know the intricate details of eras and epochs of American made name brand guns (Bangor-Punta years for S&W, for example) there doesn't seem to be a lot of knowledge on the more affordable imports. Are the new Rossi's made in the same factory as the older pre-Taurus guns? I wouldn't know....I wouldn't even know WHO would know. Someone does, I'm sure. Is the quality the same? Couldn't tell you. All I know is that there are several people who like the new ones, and a few people who have had problems. By contrast, I don't believe I've ever heard anyone complain about the old ones. Doesn't mean they haven't, I've just never heard them.
The new ones have a life time warranty, so If I didn't have so many .38's already, and was looking for a gun on a budget, I'd probably buy a new one. If I could find on old pinned barrel Rossi, however, I'd DEFINITELY buy it. Just my 2 cents. Good luck.