Heresy alert! The following heretical opinion may offend many in the gun community, if you are sensitive to MIM please don't read the following!
Although I've heard of MIM parts breaking I've also heard of forged parts breaking. I personally don't like them, but also don't like paying $2K for a 1911. There seems to be a lot of bad press on MIM but my metallurgist told me most of it is unwarranted. Probably most problems with MIM parts are caused by the same problems that occur with forged parts, that is to say poor quality control.
The density of MIM parts is nearly as high as that of forged parts, though forged parts have the added benefit of a grain structure that is stronger than either MIM, investment cast or machined from barstock. Barstock is usually also a "forged" product initially, then rolled or drawn, which aligns the grain structure lengthwise and adds bending strength perpendicular to the longitudinal axis, but the parts machined from barstock may or may not take advantage of that structural advantage. I asked my metallurgist which he would take if he could buy parts for the same price and his answer was "Well, forged of course". But he quickly added that it wouldn't be a major part of his buying decision.
Here's a little info on MIM if you are interested;
http://en.wikipedia.org/wiki/Metal_injection_molding
My company makes parts from barstock in CNC machines, if I had my choices they would go in this order;
Best (minus corossion resistence considerations)
1.Forged chromoly alloy steel heat treated before machining
2.Forged carbon steel HT before machining
3. Low carbon steel carburized and case hardened after machining
4. Investment cast alloy steel.
5. MIM
Stainless, well, now it's getting too complicated!
1. Forged 17-4
2. Forged 416
3. Machined from barstock 17-4, then 416
4. Investment cast (Not sure of alloys used)
5. MIM
Way down the list, beneath contempt for me;
aluminum
plastic
zinc
These are just my personal opinions, others feel aluminum and plastic are superior for guns, but they don't want their barrels made of them.
Caveat; I don't make many gun parts yet commercially, though I will be soon, I'm not a gunsmith nor an expert, even though I try to sound like one sometimes.
I own and operate a CNC shop, as do many thousands of others.