I have the CZ 75 in .40. Accuracy is better than my 9mm Sig Sauer P226 (my Sig 226 is a tackdriver BTW, so that is really saying a lot about the CZ). For example, the first time I shot my CZ 75 B (.40) I got one ragged hole (in the 1" range) @ 15 yards--the group was smaller than what my Sig 226 produced. I have since gotten this accuracy result on several occasions, so the first time wasn't a fluke. I have NOT tested past 15 yards with it yet, but I will do a 20 yard & 25 yard test next time I do some outdoor shooting.
Recoil is sharp overall, but less than MOST .40's. Its been 100% reliable with semi-wadcutter (I can't find pure "ball" ammo in .40), but I haven't tested hollowpoints yet. Since my CZ 97B feeds hollowpoints well, I assume the .40 version will too though. Overall, this is a great shooting .40. I am by no means a .40 fan BTW (I prefer 9mm and .45).