I've owned a Kahr K40 (all steel, blued, and .40 S&W, of course) for almost 2 years, and frequently carry it.  It has a full-size grip, the curves of which are patterned after the classic Browning HiPower.  The magazines hold 6, plus 1 in the chamber.
It's very accurate, carries & conceals well; I like it.  
A friend just bought a P40 (polymer frame version of same gun); it's lighter, but other than that, the same.  He also had a KelTec .40-cal.  He said he didn't like it nearly as well as he did the new Kahr.  Also said the KelTec was not as accurate, and recoil was much worse.  (Not knocking KelTec--I also carry their P32!) 
The only problems I've experienced with the Kahr were in trying to change the sights--I broke the factory front while attempting to drift it out.  I saw the error of my ways & had a local gunsmith complete the job for $20.  
The other "issue" has been finding a spare mag carrier that fits a single-stack .40 mag.  While I know I can order a "custom" one from Kramer, or another holster maker, I'm a cheapskate...er, ah...very frugal...and prefer to shop around.  
In other words, no problems experienced with the gun. 
HTH   YMMV   LSMFT,
David   
Edited by David (05/02/03 04:33 PM)