Okay. Okay. Here are few facts, based on an understanding of the metallurgy and backed by my own experience.
MIM isn't an improvement. It's a cheaper way to make things. It may be "good enough" for its assigned role, and probably is in most cases...but that doesn't change the first two sentences.
MIM is nothing new. Good MIM is quite good. Bad MIM is worse than junk. The problem is that it's nearly impossible to tell by looking at it unless the piece has obvious surface flaws.
For many applications, even mediocre MIM is "good enough" for the task. In others in which it's been assigned...not so much. It tends to work well under friction and compression stress, but not under shear or impact. i.e Sears and disconnects, it's probably okay. Hammers...not so much.
Assuming a non-impact stressed part, if the MIM part lasts for 500 cycles, it'll probably last for 50,000. I have two early Colt 1991A1 pistols that I bought and used strictly for range beater duty way back in late '91 and early '92. They both had MIM sears and disconnects. They're both on their third barrels, and have passed 375,000 rounds combined, about equally split. I replaced the disconnect on one at roughly the 70,000 round mark because it was a little worn...not because it had failed. It's still operating on the original sear. The other still has both the original sear and disconnect.
A friend asked me to replace those parts in his Colt because he didn't trust MIM, despite my telling him that he probably didn't have anything to worry about.
After I finished the job, I gave him a demonstration with his old parts. I laid the sear on an anvil...convex side down...and whacked it with a 4-ounce hammer 2-3 times. It didn't shatter. It didn't even crack. When I installed it in a pistol, it functioned...although the trigger action was a little rough. Then, I clamped the disconnect in a vise and whacked it with the hammer. It bent at about 15 degrees, but it didn't snap.
I've seen these same parts in other guns fail within a few hundred rounds. Apparently, Colt has dealt with a vendor that makes quality MIM. Some others apparently haven't.
It's not the process. It's the material and the execution. If it's properly made of good material, it's good enough for many...but not all...applications. Really good...read that as "expensive"...MIM can actually be better than its machined barstock counterpart, but don't count on MIM of that level to wind up in a 500-dollar gun.