I have it and while the corners are nothing to rave about (bad, but not as bad as Fleetie's copy), in the image center, it's one of the sharpest lenses I've ever encountered.
It does have it's share of problems (soft corners, CA, high distortion for a prime lens), but overall, I wouldn't call it a bad lens - not for that price. As I said, apart from the corners, it's very sharp (at least my copy), the bokeh is okay, the build quality is good for the price (feels solid, has a metal mount, a non-rotating front element and an ultrasonic motor) and let's not forget: it's the only f/1.4 lens in that focal- and price range.