I bought one of these with a Industar 50mm f/3.5 collapsible lens. It is my first LTM body/lens and I love it.
The rig is clean and takes very sharp pictures. The viewfinder is bright and focusing is smooth and very accurate.
It's a handsome thing and everything seems to work just fine. I was a little intimidated by all the talk about how difficult it is to put film in these bottom loaders, and all the gimmicks people use, business cards, removing the lens, etc. What a bunch of nonsense!
Following the Leica instructions I found here, I just cut the 4" leader, do what the instructions say, and the film just drops in.Rating: [5 of 5 Stars!]