I’ve been eye-balling that one for a while, haven’t held one.
I can’t remember where, but I read that it will float when taken down but isn’t waterproof, and that the cap is difficult to get off (need a knife or tool).
Also check out the 10/22 takedown.
http://www.survivalblog.com/2012/10/pats-product-review-rugers-1022-takedown-rifle-—review-by-pat-cascio.html Nice review on the 10/22 takedown. As you say, it sounds like it’s worth considering too. I like the idea of a rifle, even just a .22, that can be carried comfortably.