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This is a cheap gun. Don't expect a $600+ gun for $200. Like many others, I have found it has a lot of failures to feed with cheap ammo. Most cheap bulk ammo is soft on the tip, and causes too much friction. With the cheap stuff, it jams about two times per magazine. I just happened to have some CCI AR Tactical ammo with me yesterday when I was at the range, and decided to try it. With its shape and harder bullet, it fed excellently. In about 200 rounds, I had one stovepipe. Other than that, not a single problem.
With the right ammo, the gun works very well. This ammo costs about $.07 a round at Cabela's. I'm sure you can get it cheaper elsewhere.
I also bought a Ruger SR22 at the same time. Man, that gun is awesome. If you're looking for a cheap .22 pistol to play with. take a look at the Ruger.