I bought one from a local dealer for $449. My experience level is limited with 1911's so I cant give you a detailed knockdown on the gun except to say it feels good, shoots good and is priced right.
I shot 50 cent piece size groups at 20 yrds on an indoor range, the gun never malfunctioned through 150 rounds of 230 Ball and 185 JHP ammo. I mix-matched the ammo in each magazine to check it for Failure to feed etc and NO problems.
I cannot attest to the trigger pull weight etc but it works for me...I like the sights a lot and I like the thin feel as I am not huge paw'd.
Bottom line, if all of the Taurus PT1911 are as good as mine, the high dollar makers better look out.