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From an accuracy standpoint, it points and shoots pretty well for a cheap gun. Without a rear sight (missing when I bought it) I made an acceptable group from 7 yards. I think with the feed issue fixed and a complete rear sight, it could definitely be a good, albeit bulky but light, backpacking gun. Since it cost me a whopping $45, I wouldn't be too heartbroken if it got damaged.
Come tax time, I'm going shopping for either a poly snub nose or a baby 9mm. Right now, I'm sold on the Kel-Tec PF9. I like their products, neither one of my P11s ever had an issue but they do come from the factory a bit rough around the edges.