Well, they ain't Smiths, but they're good guns for the money, not junk as some would have you believe. I still own two and have owned 7 Rossis. They varied in fit and finish. I've kept the best of 'em, a .22 M511 and an older M68 3" 5 shot .38 that's pretty awesome.
I had a M971 back about 1990 that was a good shooter and a very handy size. I used to carry it hunting and hiking. Killed a Javelina with it once at about 30 yards, a head shot, and took quite a few rabbits with it. It was only about 30 ounces, very light on the hip. It wasn't the most accurate .357 I've ever owned, but it would shoot 2" groups at 25 yards with it's best ammo. The DA was a little rough compared to higher priced guns, but the SA was very light and creep free. DA was usable, though, not that bad, just that I've owned better. Tweren't no M10 Smith, put it that way. It was a very handy gun and tight, well timed, and never got loose on me despite probably a couple thousand rounds of .357 and double that of .38 fired while I had it. I really liked carrying that thing afield, was such a good size gun and strongly built from what I could tell. Another thing I liked about it, for its weight, it was easy recoiling. I had a Security Six that would literally hurt my hand, HATED shooting that thing with heavy loads, lots of muzzle flip. The Rossi was much easier to shoot with heavy loads for some odd reason because it was a lighter gun, you'd think it'd be worse.
I had one problem with the gun, firing pin snapped. I sent it back to Interarms (importer at the time) got it back, and first range trip it snapped again! At that point, I took it to a good gunsmith we had in the area at the time and he put a new pin in it, told me it just needed to be properly fitted. I guess he was right because I never had a problem with it again.
I was lookin' at some 971s at Academy today (went there to buy a new deer feeder timer). They wanted $320 for the stainless ones. That's a little steep for a Rossi IMHO. I can get a Taurus M66 for not much more, have two I bought used for under 200 bucks that are fantastic. The Taurus 4" I have has a very smooth DA, very well fitted and finished, and is the most accurate 4" DA .357 I've ever owned with .38 and as accurate as my M19 Smith and my Ruger Security six with .357s. It's a higher quality gun than was my M971, but the 971 was a little lighter on the hip. Still, it's a good gun. I just think Academy had it a might over-priced.
They had a little 2" blued snub, M461 I think for 245 or some such. Now THAT'S a danged decent deal. I haven't chatted with too many owners that didn't like that little snubby. I've got a Ruger SP101, though, so don't really need worry about a snubby .357, but I'd be tempted to buy one if I didn't have the Ruger just from the good experiences I've had with the Rossis I've owned and the price was danged decent on it. I am NOT unhappy with my Ruger, though.
The Ruger is a well built, well designed, and very well fitted and finished revolver, but of course, they cost more. But, I like the strength of the little things.
This is my honest no BS opinion. Lots of brand bashers out there that have never even owned one. Like I said, I've owned 7 Rossis and several Smiths, Rugers, and Tauri to compare 'em to. No, they don't equal the qualty of the mentioned brands, but no, they're not junk either and, yes, they are very good shooting and useful guns for carry. BTW, they aren't "built by Taurus". Taurus bought them out, but left them an autonomous company in name, distribution, and such.