mine has been excellent. 2 FTFs in 300 rounds, at least one operator error (i.e., i limpwristed it within the first 20 rounds not being used to the light trigger on mine). the only really weak point for me are the plastic factory grips. hogue's actually dress it up a bit. fit and finish on mine was quite good, but having seen about 3 other samples, QC needs some work. you could also get one with a looser slide and heavier trigger than mine. my trigger is easily among the best i've seen.
i can also say that at least some after market parts will drop in, in my case a stainless wilson's full length guide rod and plug, and a springfield stainless barrel bushing. the wilson's bushing i have on my SA 1911 would not drop in the taurus without minor fitting. overall, i could recommend the taurus over a low end springfield or kimber if you're only going to have one 1911, and it would run you about $200-250 less than their "low end" models with the same features.