I've shot two, besides the similar XS7 my dad owns.
Both were accurate for hunting rifle purposes (1.5-2" groups benched at 100yds with a cheap 3-9x scope and factory ammo). I suspect handloads could do much better. Trigger pulls were ok, but not as good as the Savage Accutrigger or the Remington Xmark.
One of the XL7s I shot had an extractor shatter however, which was a new one. It's not every day you see a bolt rifle extractor break like that. So far I've seen a Sako type extractor and a Ruger M77MkII claw extractor fail in my shooting career, so I'm pretty happy with my Remington 700's "puny" extractor.