I have one and shot it quite a bit.
I'd say it's not much different than the "standard" Colt's except it has a flat, raised rib, very nice blueing, and a wide trigger. They have Ellison sights which often need a solid pin to keep the sights on the gun. The sight picture is not as good as a Bo-mar, but it's the "smallest", least obtrusive of all adjustable sights that I have seen.
Mine came with a collect bushing and seemed to work well, although I finally put in a solid bushing.
IMHO, if you are looking for a "target grade" 1911, out of the box, to shoot the tighest groups, I'd look elsewhere. If you are looking for a good looking Colt with a wide trigger, flat top...buy it for a reasonable price.