I have 4 of them, not a single problem with any of them. They've all got at least 1000 rounds down the pipe, but my main one is close to 10k I'm sure.
The comments about it being 'junk' are confusing. If you buy it hoping for a precision long distance rifle, it's junk for sure. Just like how if you buy a 4-cyl Escape to do all your heavy towning it;s junk.
Use the rifle for what it is intended for and you'll be fine - you want to shoot 'minute of bird' within 100 yards, you'll have a great time with it.
It's also the most packable. I've shot the little badger - fun, but single shot, and doesn't pack down as well. I've also used the papoose, but it too doesn't take down as nice and requires a pack. The Henry packs down into it's stock, which is like the size of your forearm, and that includes 3 7-shot mags. (comes with 2, but if you leave one in the receiver you can add a third.)
For less then $200 it's a no-brainer. I'm not a brand hoor, but I'd sooner take that then a chinese clone of a different gun. To each his own. Just make sure you get the Henry version - there are notable quality control issues with the Charter Arms version, as well as even earlier iterations.
The action is tight on them - you will get FTE, etc on subsonic and low v ammo, but I feed it CCI or Blaser bulk ammo and it goes bang every time.