I also bought a .270 when they came out. It has shot the Fusion 130 grain ammo consistently into 1-1.5" groups at 100 yards, and has taken three deer on three shots over the last two seasons. It shoots better with handloads, but, then again, so does every rifle I own.
I personally love it for what it is: an accurate, reliable, inexpensive rifle that I am not worried about when I am dragging it up a tree on a rope behind me when hunting from a stand. It is a tool, and it does it's job just fine by me.
I topped mine with a 4.75x fixed Weaver Grand Slam scope in Warne mounts.