I recently purchased a Walther P22 at Sportsman's Warehouse. I had shot a couple of them that friends had, and really liked it as a fun gun. It's not on the same level as my S&W K22, or my Hi Standard Supermatic, but still a great little gun for $199!
Mine shoots under 3" at our indoor 50' range, from the sandbags. I got the 3.4" version, as I wanted something that would fit in my back pocket when I'm fishing or hiking. I've fired several hundred rounds through it, with no problems, except for some very light Eley Tenex ammo. It wouldn't fully operate the slide, due to low velocity. All the other standard, or high velocity ammo, regardless of maker, shot and functioned perfectly!