I have had my Ruger American Rimfire for a few weeks now, and I really like it. It is the first NEW bolt action 22 that I have purchased in over 20 years. I am surprised at how well it is made compared to all of the garbage 10/22's that they are putting out these days. A 10/22 built today is nothing like one made back in the 70's 80's or early 90's. That being said, the American Rimfire is a nice shooting, light well made rifle, sure it is not an M77/22, but it is also less than half of the price. For the few weeks that I have had mine, there are 6 less coons and 25 less squirrels in the world. I have found no problems at all with it. It is now my main varmint gun. I am starting to feel sorry for my Cooey's that would get used daily. Now they only get fired a couple of times a week.
Some things that I like about my American Rimfire are, The factory equipped green coloured composite stock is very sturdy compared to the one that Ruger uses on the 10/22. The large bolt handle is great to operate, the threaded heavy barrel without iron sights is right at home, and a factory equipped 4 inch long rail is a nice touch to easily mount any optics that you want. The fact that it utilizes standard 10/22 magazines is also a bonus. For the price this is a great gun. I would recommend this to any body looking for a low cost reliable bolt action 22.