I just bought one a year ago. After several more specialized guns, I was looking for no frills, something light, reliable, durable, and accurate that would be easy to carry around all day every day during deer season. After a bad experience with Wal-Mart, I will not buy from them, but last I checked they were selling them for $366. I got mine at a sporting goods store for 329 new. Couldn't pass that up. Either way, I'm sure you can get it for under 400.
I put a trust old Leupold M8 4x on it and took it to the range. After the first few shots (less than five) of milsurp 147 gr. off sandbags she was dead on at 100 yards for the rest of the box. Short cool downs after every three shots. Minor scope adjustments when I switched to my hunting ammo. Put an cartridge holder on the butt.
I chose it for the price and the size, a bit slimmer than the M70. I'm not a benchshooter but shoot from field positions--offhand/snap, sitting, kneeling, prone, etc. Not a tack driver but it gives me under 2" all day every day. I love the gun. The only changes I plan to make are as follows:
-put a 6x scope on it
-lighten the trigger just a tad
-replacement stock (some day) that will accomodate flush mounted swivels.