I have a new Rossi 38/.357, blued, with 16" round barrel. I love it.
It's eaten everything I've fed it without a single problem. In 38's, that's included 110gr Silvertips, 125gr Hornady XTP, and 158gr Hornady XTP. In .357, 125gr Hornady XTP, 158gr JSP by Federal & PMC, 158gr HSM Cowboy Hardcast SWC, and 180gr HSM Bear Load Hardcast RFN.
I've not shot it in paper for groups, but was busting clays lined up on a bank, standing off-hand from about 35 yards, without really trying. From about 120-130 yards, from sitting position on the ground, I was able to keep most shots in about a 6-8" circle centered on the target clay. This was with the Federal JSP, HSM Cowboy SWC, and HSM Bear Load.
The action isn't buttery smooth, but it's not bad at all, and I'm sure will be even better after a few hundred more rounds. The trigger is crisp and just about right for a field gun, IMO -- not too heavy & not too light. The only mechanical issue I've had is that the front sight was a little loose in its dovetail when I got the rifle. It appeared that whoever fitted the sight ground it down a little too far. I shimmed it with a piece of brown paper napkin until I could get another sight. That worked so well, I haven't gotten around to replacing it.
I don't consider myself a great rifleman. I'm more of a pistol and shotgun shooter, but this little carbine is now my favorite gun.