Back when it first came out, I thought the 1022 would be an excellent platform for this round, and started hounding my friend down at the gun store. So many others were also hounding him, that he decided to build one himself. He started with a new 1022 magnum, because used ones are almost impossible to find. He got a new barrel, stock, sling, and a sweet Nikon scope. He called me on a Wednesday to say he had it done, if I wanted a look. I did. It was nice. He had about $800 into it (his cost, not retail), and he stuck it on the shelf with an $1150 price tag. Said he was going to take it out and shoot it on Saturday, and would let me know how it went. (These are not today's prices, by a long shot.)
I stopped back in on Monday to hear the results, and he told me that some guy walked in, saw it, bought it for cash on the spot, and left. It had never been fired, and neither of us knows how it performs.
Since then, I've heard they require tweaking on things like the bolt handle and such, but I still think it would be an awesome machine.