Wow. banditt007, there is so much misinformation in your post I don't know where to start.
Okay, for some background. I'm a big Saiga fan. I wrote a review on the Saiga 12 a few years ago for SWAT magazine, and I absolutely loved it. I have used my Saiga since then as my primary open class 3gun shotgun. I have approx 6,000 rounds through my gun, with only a couple of malfunctions. When a new importer was announced, I signed up as a distributor. My company is currently one of the biggest Saiga dealers in the country, so take what I say with my obvious bias in mind.
On price, EAA was the original importer. They lost the contract with the Russians, and blew their stock out to CDNN. That is when you were seeing Saigas for super cheap. That is what CDNN does. They blow out closeouts and trade ins at great prices. CDNN prices are not even close to normal for any regular production guns.
The guns, new are $405. Which is approximately half of what you pay for an X2 or an 1187 or a M1 Super 90. Price ain't gonna drop.
Only worth $200?
Okay then. Good luck with that.
They are being imported en-mass again. Russian American Armory is the new importer. The guns are readily available. People like me have lots of them in stock. The guns began flowing into the country again this year. My first batch arrived right around SHOT show in February.
Most of the Saiga 12s have the manual bolt hold open button. The first two batches that came into the country under the new importer did not, but all since have. The majority of 12s in the country have the bolt hold open button. My personal one does, but I don't use it anyway.
On loading, I know a lot about this because reloading is the key to winning in 3gun shotgun. Yes, the bolt needs to be open to insert a loaded magazine. The shells stick out so far that it is really difficult otherwise. So when you run dry, reach up with your strong hand, hold the bolt to the rear with your fingers while squeezing the receiver, rock and lock the mag in, and when you move your strong hand back to the grip, the bolt flys forward. It takes a lot longer to describe than to do. On the clock in competition, my reload takes about 2.5 seconds.
Yes, 8 rounders were the original higher cap magazine. They are scarce and expensive. I have a few personal ones, that people have offered me absurd sums of money for. 5 rounders are common and about $33. 10 rounders are currently vaporware. I'm pretty certain that somebody will get those made soon, as the market for them is huge.
I'm currently building .308, 20-round Saiga mags right now. Once that project is completed, if nobody else has gotten to the market with 10 round 12 gauge, I will probably do those too. But I'm hopefull that we will see new US production 10 rounders before that point.
And the last part about the law, it is 922R. The same law that governs all of our imported AW type guns, and anything related to it. It takes about two minutes to familiarize yourself with it. The stock guns are fine as is, and if you want to go nuts with one, but stay within the law, that is what people like me are for. We use Tromix for all of our Saiga conversions.