I've examined several Sig 556 rifles, and here are my thoughts on them:
-Overall, I like it. It's short, light, handy, and is based on one of the finest service rifles out there.
-Price-wise you can find it for about the same price as a similarly-equipped AR-15 clone from some manufacturers. The hand guard comes with a full-length bottom rail and short side rails, enough to mount a fore grip and a light.
-The collapsing stock was not done well. Here's why. The standard Sig 550 series rifles have "low" sights, mounted very close to the bore axis. The stock is dropped a bit from the top of the receiver to accommodate this. This was standard for years in most service rifles, as mounting optics is only a recent thing for the average grunt.
The AR-15, however, has "tall" sights, to accommodate the straight-line design necessitated by the straight buffer tube in the stock. This worked out quite well when people started cutting the carry handle off and replacing it with a Picatinny rail, though.
So, the Sig 556 has "tall" folding sights that will, for instance, co-witness with an EoTech, but the stock is still dropped a bit from the top of the receiver. As a result, you won't be able to get a great cheek weld with most optics you might use. I would recommend a bolt-on cheek riser of some kind for the stock. There are several examples of such on the market.
-Additionally, I don't think the Sig 556 uses a standard stock tube size. Correia and I tried to pull the stock off of one example we had in his shop and replace with with a MagPul CTR stock, which frankly would look WAY cooler on the Sig, and it wouldn't fit. Take that for what it's worth. If SigArms hasn't corrected this, they really ought to.
-Could SigArms have made it any uglier? The Sig 550 is a fine looking rifle. The Sig 556 has, in my opinion, too many...um...well, the stock and fore grip are just too busy. Too many nooks and crannies for dirt and mud to get packed into. I'd greatly prefer a fixed stock and standard hand guards, though I understand why they went with the hand guard rail and the telescoping stock.
-The magazine release button is a bit too far forward; a right handed shooter might have a bit of trouble hitting it with his trigger finger. I'm left handed, so I grab the mag with my right hand and hit it with my right thumb.
-All in all, I liked it, as I said. If you like it, I say go for it. I doubt you'll be unhappy with it.