I own one of the early models. Very fine gun. The only problem, with mine, is that it does not have a barrel select. Length of pull was a little long, but is shoots sporting clays and skeet very well.
I picked up a Baikal IZH-27 26" 12 gauge back in January...and have probably shot over 1200 rounds through it so far without any problem at all. I love the feel of this gun and how it shoots. I think for the money I paid...I got a very functional, ruggedly built gun. Its not as pretty as some of the Brownings or Berettas that it may find its self next too on the rack at the range...but It shoots me fine.