I have to agree with Blitzed on that.... I just recently bought one on my low student budget. If you can believe it it's an amazing upgrade from what I used to have. (Mind you that was a Crosman...).
I'll admit I can't really compare it since I haven't used any good quality guns, but for starting I'm impressed with what it does. I can promise you I don't regret buying it.
The downsides I've found are that the sites can't seem to line up (vertically) properly and the floating rails are quite weak and flexible. I completely agree with the point on the dysfunctional delta ring as well...