I've always had a soft spot for them (the 1.7). They're fairly small inside but you expect that coming from Fiesta underpinnings. Whilst not the biggest perfomer out there they're seriously good fun to drive, very rewarding and not too bad to look after and live with. They were just out my reach at the time when I was looking, but they're good value for money now so long as you can put up with the leaking in of water when you open the boot.
I wouldn't read too much into 'horror' stories, you get them with all cars and most of the time it's how the car was looked after..