No personal experience, but a friend had two of them (one steel, one polymer). He bought them just out of curiousity and marvel at the sub-$100 price tag, plus the pure ugliness of them. They work, but they were heavy and were rather a handful with the heavy slide, but I believe that's the nature of a .45 blowback design.
If you need a .45 for $100, I suppose they are the only game in town.
http://www.shootingtimes.com/handgun_re ... nt_100605/
Buy one, shoot it for a season and sell it for 50% of your purchase price and it costs you little more than a range rental for a day!
I know several shooters that have the 9mm carbine and they love them. The company apparantly gives a lifetime warranty and I believe they make good on that.