I bought a Heritage revolver a few months back. I was looking for something to shoot CB caps in the backyard as they won't cycle my semi-auto .22s. My local dealer had one with both cylinders for $100. Had a nice feel, 6.5 barrel, adjustable rear sight. Hard to beat. I've shot it quite a bit and haven't had a bit of problem. Sure, it's no Colt, and I'm still looking for a deal on a Single Six, but I've enjoyed this Heritage pistol. It's a great plinker and I don't have to worry about depreciation if I actually, you know SHOOT it 
I need to update this. I noticed a few weeks ago that the cylinder on mine was rotating ...funny. As the hammer was drawn back, the cylinder rotated forward, then back a bit. It tended up out of time as the hammer dropped. Not good. Removed the cylinder, noticed the end of the hand was falling back when it shoulda been at it's highest point. I also noticed some lead buildup on one side of the forcing cone.
So I took it apart, and noticed the hand was trying to disassemble itself. The little pin that connects with the hammer was loose, where it should have been a press fit. I could have fixed it with some silver-solder, but a new one was $9 + $5 shipping, so I ordered one.
Put it in the other night, re-assembled the gun, and it's tight as new.
I have no way of knowing how long it took to get this way. The model is the long-barrel, silver satin with adjustable sights, which I think may be the newest model. List price was over $200. But I bought it used and it showed lots of powder marks.
As for quality, you get what you pay for. The frame and the handle frame are both aluminum. The cylinder block is stamped steel. Warranty is one year, out of warranty repairs look to be reasonable. No labor charges, just parts.
By comparison, a Ruger Single Six feels like a solid piece of steel, runs like a watch, and has a lifetime warranty. Big difference - but it's twice the price of the HEritage, new or used.
I'll keep both of 'em, but the Ruger will be an heirloom.