I'm not a fan of Taurus. I own an older Taurus revolver - meh, not that great.
I would pay more for a used name-brand gun than for a new off-brand one.
For used guns, check out http://www.jgsales.com.
They have a good deal on S&W M64 .38 cal revolvers. I bought one for my wife, she loves it. Easy to shoot, accurate enough for home defense use, and absolutely bulletproof. You can't do much better than a S&W stainless steel K-frame revolver. Under $300 shipped to my FFL.
They also have good deals on used semi-autos if that's your thing. I bought a factory-reconditioned Glock 23 (Compact .40 cal) from a local dealer in 2005, it was as good as new but only $425 (when a new one at that time was over $500.) Even came with the tupperware box, cleaning kit and all the paperwork.
People either love Glocks or hate them. I love mine but the .40 recoil was a bit too stout for me in the compact frame so I dropped a Storm Lake 9mm barrel into it. If I had to do it all over again I would have skipped the G23 altogether and just gotten the G19 (9mm compact) from the beginning. 9mm ammo is dirt cheap if you order it online (from http://www.cheaperthandirt.com )
To sum up, I would say don't be dazzled by that "new gun smell." Used guns are just as good and cost a lot less. For the price of a new Taurus you can get a decent used S&W or Ruger that will be much better guns. For just a little more you can get a Glock and the thing about Glocks is they're damn near indestructible. Plus there's a huge aftermarket for them so finding magazines, holsters, etc, is very easy.