My Tomcat took about 200 rnds to 'break-in', but has been quite reliable with Silvertips, Fed. H/S, Gold Dots, and most any factory ball. It doesn't like Fiocchi JHPs for some reason, and I haven't tried the CorBon JHPs yet. It is sensitive to being kept clean and LIGHTLY lubed, particularly the magazines. It's a blow-back, so it tends to get dirty quickly and will start to act up after 100+ rounds without cleaning, but it isn't the sort of gun ne gets into a protract firefight with anyway. As Tamara noted, it is quite accurate for such a short tube. the tip-up barrel is a nice feature for those who don't have teh hand strength to rack the slide. The trigger has continued to improve with use (do NOT dry-fire a Tomcat!! you will break the firing pin), and while it isn't great (prolly never will be), it's quite serviceable.
I also have a Cheetah 85, which is a sweetie. It's big as .380's go, but it feels good in hand, is thoroughly reliable and accurate, and I figure the longer barrel (3.8") helps get a little more oomph out of an otherwise marginal round.
HTH, M2