Well, I personally believe it depends on their specific gun models. I'm not TOO experienced with their wide array of offerings, but have some direct experience with a couple of them. My brother in law has one of their 9mm automatics which I have used many times. I personally don't like it. It is an exact clone of beretta's model (I'm not to fond of Beretta's either; I just don't like the design in general, nor am I too fond of 9mm period). The main thing I don't like about the design is that (for me anyway) the ejected brass comes almost straight up and usually lands on the top of my head. Let me tell you, nothing's more annoying than hot brass falling down the back of your collar and rolling down your back. Also at one point a part went defective and left my brother in law with a chunk missing from his hand that needed to be stitched up. Personally, when it comes to automatics, I think other companies do it much better and are worth paying the extra cash for. I have a S&W auto in .40 s&W that I wouldn't trade for the world. Sig, Para-ordinance, Kimber, H&K, Glock, etc. are top notch auto makers as well.
Now I myself do have a small Taurus revolver that I am very happy with; it's a compact .38 special +p in Titanium that is a very nice little gun. It's the main one I carry around with me due to size, weight, etc. I originally was going out to buy S&W's version of the same type of gun, but I liked the feel of the taurus better, it had a lot more extra's (ported barrel, aftermarket rubber grips, etc.) and was a fraction of the price so I gave it a shot. It's a great value in performance vs. price. My overall opinion is this: while I'm sure their technology and manufacturing techniques have improved over the last decade, I think one of their auto's may leave you a little disappointed (this is based on opinions of others I know as well, not just my Brother in law), but their revolvers run right up there with the big dogs and are a good value. I'd personally be hard pressed to reccomend their autos, but would suggest the revolvers to anyone. Any other questions, ask away (guns are the other die-hard interest of mine besides astronomy). Yeeeeeehhhhhaaaaaaaawwwwww!