Well, now I can carry concealed wearing nothing more than a coin purse. Ok, NO, I do not own a coin purse. That said, this little gun definitely gets the nod when I need to take a quick trip to Home Depot for some sprinkler parts. No need to grab a belt, rig or cover garment here; toss it in the shorts pocket with the keys and it's out the door.
The good: Other than super concealability, 100+ rounds of PMC 90 gr. FMJ and a box of Federal Hydra-Shok fed flawlessly and the gun averaged 2" groups at 12 yards, often better. The accuracy was confirmed by 2 gents from the gun shop as well. Both were equally impressed, as was I, with function and accuracy. Recoil was very, very slight, really a non-factor. The trigger is about 7-8 pounds, perfect for a pocket gun with no safety. The gun is very well made, typical of Ruger in me experience.
The bad: As documented here and elsewhere, this thing gouges the case rims, making re-loading all but impossible. I do not intend to re-load this round as I have very little use for it, so this does not affect me personally. There may be an easy fix to this, I do not know. It seems the ejector, or possibly the extractor, has a bit of an attitude:
The ugly: Also somewhat talked about elsewhere, some peening occurs just opposite the ejector on the right of the frame. Simple filing can clean it up and it does not affect performance. More than likely this will be addressed by Ruger, if not already. I have seen where Ruger machined the corner out on another customers frame eliminating the impact to the frame upon firing.
Overall, I give it an 8 out of 10 considering it's cost and purpose. My copy was had for $285. OTD. Rarely will this replace my trusted Kobra Carry, but on those rare occassions where clothing is a minimum, this gun means I can carry 100% of the time if I were so inclined (and I am so inclined).
Detailed info can be found here: http://www.ruger.com/LCP/
and more talk and info can be found here: http://rugerforum.net/
as well as other 1911 forums.