I bought one in 7-08. I was able to get consistent 1" groups out of it, but not right out of the box. I like project guns though. Out of the box, it was a 2 to 3" shooter. Not bad for $267.
It had some issues though.
1. The factory trigger is heavy, but can easily and safely be adjusted to about 3.5 lbs by a gunsmith or anyone experienced with trigger work. Mine is very smooth and quite acceptable for a hunting gun now.
2. The scope mounts on mine did not align well and I had to buy Millet dual windage adjustable weaver style rings. That was the biggest headache.
3. I am 5'9" and of average build and the stock was just too long for me. I find a lot of new guns are like this for me though.
4. I do not like the extra joint in the stock caused by the removeable trigger guard piece. I epoxyed mine to the main stock and this reduced the flex in the stock considerably.
Overall the action and barrel are Savage through and through and rock solid. Again, for $267 and with a few simple modifications, I have a gun that shoots 1" groups with 150 grain Nosler Partitions. Accuracy was decent for that money right out of the box and if I had done more load searching, I think it would have been in the 1.5" to 2" range. So other than the irritation of the slightly mis-aligned scope mounting holes, I have no complaints.