I love my Kel-Tec P-32. It's my second one and I cannot recall ever having a malfunction with either weapon. I carry with the ten-round extended magazine and it has made me love the little gun even more. It now sits solidly and comfortably in my hand, whereas with the standard magazine it sits atop my fist in a somewhat wobbly manner. At the close quarters where these type of weapons are most likely to be used, weapon retention is a consideration.
I had decided to purchase a Seecamp .32. The manufacturer had finally met demand and prices were no longer at a premium. I went to the gun shop, had the Seecamp in my hand, and, literally looking past the pistol in my hand through the glass of the gun case, saw a P-32 on display. "Let me look at that one," I asked. Once it was in my hand, love immediately started to build. Its slimness and extremely light weight were irresistible, and the very low price was an additional incentive. I put the Seecamp back and brought home the Kel-Tec and have never once regretted my decision.
Unlike most respondents, I think these are very good-looking pistols. Of course, I also admire the appearance of the Lee-Enfield Mk III and Lilly Tomlin; I am quite unconcerned about the differing opinions held by others.