A friend of mine just bought that exact rile, except chambered in .223.
It's a killing machine. He has made some outstanding shots on jacks out to 300 yards with that rifle.
It seems to have the common problem of stability off of the bench, but when you get it out in the field, it is very accurate.
Go check out the H&R/NEF Centerfire Rifles Forum on this board for more info on these guns.