I owned one for a few years, and had zero problems with it. Actually, it was my most accurate handgun, or at least I shot it the best compared to my others. I traded up to a S&W 586 as I wanted a longer barrel - and no porting - for hunting. Still, I just recently looked at another one that I am considering.
And yes, I have heard (or at least read) horror stories about Taurus's service, but I have had several of their handguns - still have one pistol and one revolver - and all have been reliable, so I have not dealt with them for repairs. I would not hesitate to buy another T revolver if the price was reasonable.