Accuracy is outstanding, and mine have been 100% reliable. The ergonomics, even without the Bobtail, are great, and the Bobtail adds to the impressive ergonomics. Here are mine, first with factory grips, and then with slimline AlumaGrips (Tactical Checkered in black):
If I had to reduce my collection down to only one pistol, that one pistol would be an Ed Brown Kobra Carry. That's how much I like mine.
Both of mine are the California-certified models (all-stainless, ambi safety, night sights, a titanium firing pin, and extra heavy duty firing pin spring), but I sent both back to Ed Brown to change the ambi safety to single-sided ones, and to install slimline grip screw bushings that I supplied. The first change I made, to both, was to swap the titanium firing pin and extra heavy duty firing pin spring with standard versions (#825 Firing Pin and #908 Firing Pin Spring).
The March 2005 issue of "Combat Handguns" did a review of the Executive Carry, which is identical to the Kobra Carry, except for slide serrations and frame/MSH checkering instead of the Snakeskin treatment. If you cannot find this issue, send me an email, and I'll send to you a scanned-to-PDF version.