I've had a PLR-16 since they first came out and think it's great. FYI, I'd had it for about 5 years and decided to make it a project gun back in 2011. Got the stamp from the BATF and turned it into a SBR. The gun shoots anything I put in it and accepts AR mags, suppressors and any accessory that will fit on a rail. Before the unpleasantness happened last month, I seriously considered getting another one but at the last minute (the day before the shooting to be exact) I found a GREAT deal on an M&P-15 and got the S&W instead. I'd still consider another PLR but with them currently selling for up to twice the normal price, I'm waiting until things calm down before I make any decision. FWIW, would I buy another PLR-16 for the right price... in a heartbeat!
BTW, buy the KT fore grip and a decent muzzle break, they are worth the extra dollars.