Well, thanks to Cinhil, Stephanie (my wife) and I were able to try one yesterday.
Overall, I would recommend it as a fun plinking gun (It was accurate, fun to shoot, and had little recoil making it good for younger shooters or inexperienced shooters). It's big, and has some more weight to it (similar to a hi-point). The only problem we had was with feeding and ejecting with blunt-tipped ammunition (Winchester .380 auto). Within the first seven rounds, it had failed to properly feed 2 rounds, and had ejection problems with another one. Round-tipped ammunition had no problems whatsoever. After verifying that this indeed was the issue, I got nervous about how it would perform with JHP ammunition in a critical moment. We don't think we'll be purchasing one as a self-defense weapon, but when we're looking at a fun plinking toy, will definitely look at a Cobra FS.
(I'm not sure if a moderator wants to move this over to the firearm review forum, but it seems that is where it belongs)
Thanks all for your kind help! Especially Cinhil, who loaned us his firearm to try!
Next up she wants to try a hi-point and a bersa in .380, so we'll see what she ends up with.
"...and he that hath no sword, let him sell his garment, and buy one."