dbc, i own a couple of cva's which come from the same manufacturer as traditions guns. this is my own personal opinion of the spanish-made guns . . . they work, but they are a little rough around the edges comparatively. they cost less than the american-made guns, though, so that's to be expected. i think they are capable of very good accuracy, but you will definitely be able to tell the difference in quality, fit/finish, etc. between a spanish-made and an american-made rifle (such as a knight, thompson/center, etc.) also, i (personally) would be hesitant to shoot "magnum" powder loads in one of these rifles (i.e. 3-pellet loads). of course, i don't shoot magnum loads in any of my rifles, so that's kind of a moot point to me.
i have had very good luck picking up discontinued models of american-made rifles that are still NIB for very low prices.