As with most firearms, there's a wide range of opinions. In general, Kel-tec seems to be a hit or miss proposition. They either love it or hate it. It either works like a champ or wouldn't be good for hammering nails. For that price, it may be worth a try, if you're willing to give it a chance to break in and tinker with it some.
Run some searches on Kel-tec reviews, especially for that model. That should give you something to think about.