I would vote on GOOD. Actually the Dan Wesson Pointman 7 is one of the best deals currently in the 1911 world. It ranks in my opinion just a tad higher than the Kimber Custom II, Kimber TLE II and the Springfield Loaded.
That is saying alot considering I own a Kimber Custom II... and don't yet (Notice I said YET) own a Dan Wesson.
All steel, no MIM parts, hand fit. Beautiful guns. Classic looks... clean slides... what more could you ask for? for under 1200? not much.