I can't stand by and let the nay sayers rule this post.
Apparently, a few Red Labels got out that didn't make the QC cut, but I am here to tell you I have seen one and owned one that could not be beat.
I have the 28 gauge red label, and it has about 7,500 rounds through it. It Shoots, performs, and looks, flawless. It had to go back to Ruger once for a broken firing pin at about 5,000 rounds. That's it.
As for the other one: My Dad was a competitive skeet shooter. He ran a tubed Red Label 12 gauge, so he was shooting all four gauges in competition with that one gun. His made it back to Ruger about every 15,000 rounds for a new set of firing pins (because one was broken). He put about 45,000 rounds through it, and sold it to one of his shooting buddies. That buddy had a Kreighoff and a Berretta in his stable, but wanted a "reliable" gun to shoot for fun. Most guys and their kids and their grandkids won't put 45,000 rounds through a shootgun. The Red Label was a great and VERY well built gun. I have no doubt the new one will be even better.
I will admit that they have one flaw in that they are a tad heavy, but I plan to order a 20 gauge with 26" barrells as soon as I get clearance from the budget manager.