I have the 2nd generation P3AT. It is a very good and reliable weapon. It packs a punch for it's size. If your thinking of getting an LCP remember, Ruger copied Kel-tec which has been building mouse guns this since 94'.
So far it hasn't jammed and the recoil is manageable. As far as accuracy I can stay within a pie plate at 25 yrds.
It small design makes it perfect for Conceal Carry.