Don't do it... Unless Taurus has done a 180 in the past 10 years, every Taurus I've ever inspected is gritty, ill-fitted junk. I would take my chances on a RIA before a Taurus. You should just save up and buy a Sig 1911 when they go on sale. You can regularly find $1400 MSRP 1911s for $700-800 or so.
thats mostly what i would read, i read one post where a guys friend was firing one at a range and the ambi safety fell off, but nothing other than thatI owned a PT1911 a while back. I never had any problems with it, sans a single failure to feed out of about 1300 rounds of WWB.