Overall I am very happy with this saw. I bought it to replace a $50 Skil that I purchased years ago. The Skil still worked fairly well and survived some good abuse, but wasn't a real powerhouse. I've used this Milwaukee several times already and here is what I've noticed:
+ Nice power
+ Very nice and easy adjustments for depth and bevel: This uses levers vs. a butterfly nut on my old Skil.
+ Tilt lock is a nice feature. Though many people who have this saw never use it, I have actually used it a couple of times: different adjustments when cutting lumber vs. when trimming doors.
+ Guide visibility is excellent.
+ Base is about 1/8" thick solid aluminum, nice and flat, and solid feeling.
- The base is flat all around. My old skill, for example, had a lip on the back and front side. If you're stuck using a somewhat flat, and inadequately clamped guide (like a straight thin piece of plywood that you trust), that may slightly lift in the middle, you run the risk of the base plate riding under your guide. As a result, at some point I may modify the base by screwing on an additional 1/8" lip on the inside top.
- Case: Very minor complaint: it would be nice if it included some blade storage. I have some extra blades, including a cheap plywood blade and an expensive finishing blade. I would love to be able to store them in the case with the saw. EDIT in 8/2007: The case does in fact come with blade storage in the main compartment.
Overall, I have no regrets and recommend this saw. I gave it 4 stars instead of 5 in part because of the base plate, but also because I can't recommend it above all other circular saws. Both the Journal of Light Construction and Fine Homebuilding had circular saw reviews. This particular saw, a specific Bosch, and a specific Porter Cable, were in the top three for both reviews. Though in the top three of both, This Milwaukee made it into the top 2 favorites/recommended in one article but not the other. Before purchasing this saw, I would recommend finding and reading those articles to decide which of the three would better meet your needs or preferences.