I bought one a while back used for $150.I got it as a "knock around gun"..it's so accurate and reliable,I now shoot it in IDPA.And occasionally carry it.The trigger was horrible in the beginning,but smoothed up w/ one trip back to Taurus,and a ton of use.I love the grips too.It uses the same speedloaders as a smith k frame(holsters too).You can find used Smiths or Rugers for about the same money,but I don't think you're throwing your money away if you get the Rossi.Or course I've had great luck with Taurus ...others have had nightmares.They have the life time warrentee too.
BTW,everytime I do use it at IDPA(or IPSC)people always want to see it,and are surprised that it's a Rossi.