I just bought the 702 plinkster about a week ago, and it is my first gun. I bought the Bushnell 4x32 scope from walmart for $29.99 which makes the overall look 100% nicer. Fired off my first shots tonight. Ammunition I'm using is the cheap federal .22 hollow point 36 grain ($20 for 550 rounds at walmart). I've read from numerous forums with owners that say that it fires great on cheap ammo. I would like to try some other types though.
After about 20 minutes of honing the scope in, I got about an average of 1 inch spread (not that great) at 25 yards. My shots were a lot closer grouped though when I took about 30 seconds to calm nerves and wait for the right shot. When I really took my time, the shots were damn near dead on. At about 25 yards, aiming at a bottle laying down with cap facing me, I was able to successfully hit the plastic bottle cap on the 3rd shot (the other two shots I hit the bottle, but not the cap). Not too bad, most might say it's nothing to brag about. What if I told you that this is my first time shooting an actual "rifle". Although, I used to be a beast with a BB gun when I was a child.
Out of 40-50 rounds fired I had no misfires, jams, or anything go wrong. The gun functioned flawlessly. The trigger is quite heavy though. This is my first gun, but overall it has met all of my expectations. I payed a few dollars more than others have said they got their for, but for $117 you just simply cannot beat the price. A cheap pellet rifle almost costs that much.
Oh and btw, mossberg now offers a 25 round high capacity magazine. The price is a little steep, but I guess they can justify it because it is the only one for the 702. Make sure if you have the plinkster you get the right one. The tactical uses the same clip but the plinkster clip is shorter at the top. Oh and you can try to shop around for the best price, but I am just going to tell you to not waste your time. The only other places that sell it aren't really businesses you can trust with your money (they all have crappy reviews).
702 Plinkster 25 round mag: http://www.goo.gl/fZwLp
702 Tactical 25 round mag: http://www.goo.gl/RWmcS