I will preface this by saying that I am not a big fan of Ruger, based upon my experience with their P345. However, they do seem to have gotten it "right" with their 1911. I do not own one, but have put about 100 rounds through a friend of mine's.
The pistol itself is solidly crafted, and sits quite well in your hand. Very crisp trigger pull, and quite unlike any of their other semi-auto pistols. 3 dot sights are very clear and easy to pick up. IMO, I would rank it up there with any of the "higher-end" 1911's, such as the Kimber, which I do own. And for the price, you could end up purchasing 2 Rugers, if you could find them.
We had a case of them in the store from the Ruger rep for an open house. I shot about the same as storm shadow. While they do not have the additions that many high end guns do, it is a great basic starter 1911. Not the finest made gun I ever shot but the reliability of a Ruger, all the most popular upgrades and plenty of room to add the upgrades you want. If you want something more stock, try the new Remington 1911. The trigger are bit course, but again, a good place to start.