I bought a new SS PT745 last November for $350.  I have put over 500 factory and reloaded FMJ and JHP rounds through it - absolutely no problems.  I have a Kimber TLE which I love.  But I bought this to try out DAO, and it is a much less expensive pistol to leave in my truck.
After shooting the Kimber, the PT745 trigger took a little getting used to, but is learned quickly.  I was pleasantly surprised by how accurate this pistol is.  The June 2005 Gun Tests magazine rates this pistol highly.  They said to beware of recoil, but again I was pleasantly surprized.  If you are used to a 1911's recoil, the PT745 will not be uncomfortable.  The grips and sights are fine, although I miss my Kimber's tritium dots.
IMHO, this is a great compact 45 ACP pistol for the money.