One of the club members has one, and he loves it. It has supplanted his MK9 as his most often carried handgun. I put one mag of FMJ through it, and of course it functioned just fine. Very smooth trigger, like most of Kahr products. Not as accurate as my P3AT in my hands, but then again I do have many more rounds through the K-T.
If I didn't already have a K-T P3AT, I would get one. However, the P3AT has been an excellent little handgun that has proven much more accurate and reliable than it has any business to be, so I won't be looking at a P380 any time soon.
If you get one, please consider coming back here and posting a review. I would like to read your impressions of it....