What People Won't Tell You About Taurus Revolvers (and yes, I have owned some):
Your chances are better with Smith/Ruger of getting a gun that won't need service.
1. If you ever want to get an action job on it, the action cannot be significantly improved, at least not to the extent of a Smith and Wesson or even Ruger (at least according to my gunsmith).
2. Taurus's Lifetime Warranty is not really that unique in the industry. Ruger and Smith have offered implied "Lifetime Warranty's" for years, but you don't hear about this because their quality has never been substandard in the past. I have never heard of either refusing to repair one of their guns, nor will they charge you. Smith and Wesson and Ruger customer service are excellent, never having charged me a dime to fix the nit-picky things I griped about.
In these cases, service was both timely and effective, which I cannot say for Taurus.
It is my experience that Taurus touts their warranty so much because frankly, you'll be needing it eventually. Of the 3 Tauruses I've owned (all NEW within the last 4 years), 2 had catastrophic failures due to simple lapses in quality control. They never could get my PT101 to work, and after 3 unsuccessful trips to the factory, I finally traded it off at a loss just to get rid of it.
And no, they never offered to replace it, either.
I HAVE NEVER, EVER HAD THAT PROBLEM WITH A SMITH OR RUGER REVOLVER, AND I'VE OWNED ABOUT 20 AT ONE TIME OR ANOTHER.
Overall, quality and accuracy is better with these two IN MY EXPERIENCE, though like others I think Taurus is a close second.
3. Accessories (grips, speedloaders etc.) for Ruger and Smith revolvers are easier to come by.
4. As a dealer I have observed that people like the Tauruses so much because they're cheaper. Face it, if they were more expensive than Smith or Ruger, this discussion would be moot. Usually the person who can't afford anything better (and I've been there too) isn't going to be able to afford to shoot it much, if at all, so he may never encounter any problems in quality. However, it costs him nothing to get on one of these boards and tell everybody how great his Taurus revolver is.
Now I'm certainly not accusing any responder here of this, just making a general observation regarding discussion boards that "talk is cheap". Go to Gunsight or Frontsight or any shooting school of your choice and see how many folks are using Taurus.
If you just want something to shoot at the range for fun, or to plink, Tauruses can be alright guns.