I have 350 rounds through my Taurus Millenium Pro (only had it two weeks). The only failure I have had of any kind was a WWB round which failed to go off.
I kept it pointed down range and pulled the trigger (which had reverted to DA) again. Nothing happened. I pulled it once more and BANG! I guess the second (or third) strike thing really does work.
I have been quite impressed with the quality of this pistol. It's not perfect, but it comes with a mirror-polished feed ramp, good quality magazines, serrated quick-aquisition sights (Heine Straight-8), a loaded chamber indicator, double-strike capability, and a manual safety. I have fed this pistol several different types of ammunition, FMJ and JHP, in weights from 165-180 grains and it has fed, fired, and ejected all of them flawlessly regardless of it being held two-handed or limp-wristed.
Also, for being a sub-compact pistol, it still packs 10+1 rounds (in .40 or .45, 12+1 rounds in 9mm, .380, or .32) of ammo. It also allows you to get all four fingers on the grip. The controls are well-positioned and the controls are well-contoured.
I have seen the blued models selling for as low as $329.