The Poll asked the wrong question
Have one and love it or hate it? I have one, do not hate it. I just recognize it for what it is. It is a pistol of inferior design, workmanship and materials. It also is not as accurate as its class competitors. It gets superior ratings in the light, small and cute categories. Mine has become a project gun with two objectives. First, I'm going to try to fix the problems designed into the pistol and then I'm going to learn to shoot it to the best of its accuracy.
If I am going to trash a pistol others have given positve responses for, I should state my reasons.
Inferior design, materials and workmanship: The picture below is my slide after 600-900 rounds.
The wear is caused by the trigger bar ears (tabs) being cut with sharp edges and chewing the zinc slide. I started getting metal shavings in the pistol. I sent it back to S&W to fix the problem. The return info said they replaced the barrel and "repaired" the slide stop. They also included a note that said the wear was normal for the pistol. I called them to confirm that. They confirmed the wear being normal. I said that I had a 22A with over 12k rounds and didn't see any wear like that. The response was that the P22 had a zinc slide, the wear was expected and the 22A was a superior pistol in both materials and workmanship. Walther wouldn't have this problem if they polished the edges of the trigger bar and rounded the ears a bit.
Second area for poor design and workmanship is the extractor. P22's are famous for weak extraction/ejection. Some tend to through the casings back in the shooter's face. Mine didn't through the casings straight back before I sent it in for repairs, it does now. Also the wear on the slide is not as bad as when sent it off. Looks like they either intentionally or accidentally put a different slide on the pistol. Now I have casings down the shirt, sleeves, bouncing off my glasses and off my hat. Walther doesn't have a fix for this yet and do not seem to be anxious to fix the problem.
The P22 does seem to be indifferent to ammo as far as firing it. However, like most .22's, the ammo greatly affects the results. I've had one session in which my P22 shot reasonably good groups with CCI SV and Minimags. Federal bulk and RGB's were all over the paper. Maybe the barrel replacement will solve the accuracy problem.
The rear sights on the P22 are inferior to other pistols with adjustable sights in it's price class. The sights adjust for windage only. Elevation is changed by disassembling the pistol and poping in one of three front sights or by Kentucky windage. There isn't any tweak the sights because the POI is an inch high at the range you are shooting and with the ammo being shot.
As far as accuracy, I'm not a great shooter. I can, and have, taken a Rugeer and Buck Mark out of the box and shot sub 2" groups at 15 yards. No way can I do that after several sessions at the range with the P22. I realize the first three reasons a pistol is "inaccurate" start with "shooter." I'm just stating my results with the P22 and other pistols.
Tech support/customer service for the P22 is the superior S&W customer support. I have almost no complaints with that. I'd have no complaints if they would send the extractor and springs I've been trying to get for a month. I also believe the P22 Warranty is for 12 months, not the lifetime warranty you get with S&W pistols.
My plan for my P22 is to fix some obvious problems and get it to shoot without self destructing. I also want to learn to shoot the pistol much better than I currently can. I'm not worried about those things that sweeten performance. In the end, the P22 may become one of my favorites because of the time and effort I will have put into it fixing things Walther should never have allowed into circulation. It certainly doesn't compare favorably with my two MKIII's, Buck Mark or 22A.