The 770 is of course Remington's budget rifle. While the 770 will undoubtably do a lot, they are an economy line rifle. There are some things Remington did on the 770 in order to cut price, but in my opinion you will still get a rifle that functions well in almost any hunting situation you will find yourself in.
Although the action differs from a 700, the barrel is well built and accurate. The stock is comfortable, but not very durable. For hunting and shooting it less than maybe 10-20 times a year, it will probably last and serve you well and produce some nice groupings with a decent scope. If your gonna be using it for shooting competition, putting a considerable amount of rounds down the barrel each year, IMHO...No.
"There is no hunting like the hunting of man, and those who have hunted armed men long enough and liked it, never care for anything else thereafter." - Hemingway
“The greatest ignorance is to reject something you know nothing about.”