<a href="http://www.acresinternet.com/cscc.nsf/ed1d619968136da688256af40002b8f7/62391767564ad36188256c2f001cbcd4?OpenDocument">Here is a link</a> to a neat site that has lots and lots of chainsaw info.
In my opinion, this model series isn't much to write home about. They were made to sell at a fairly low price point, and have some inherent weaknesses because of that. They are kinda heavy and loud, and seem to be kinda thirsty for fuel. The chain auto oiler doesn't work very good, but there is a manual oiler if you're willing to train yourself to use it. Be careful not to drop the unit on its rear handle because it connects to the airbox housing which will break easily. I have one which came with McC .354 ga chain, which is oddball and hard to find...you'll want to check for this because you'll need a new sprocket and bar to change to 3/8" chain.
There are some folks that swear by this model and its similar sisters in the model series. I see them sell for nearly $100 on ebay, so there must be some popularity out there. I took one as payment on a $65 debt, and bought one at auction for less than $10.
As far as parts availability, that can be pretty spotty. Some deallers seem to be really sharp about tracking down parts, and some aren't. And some don't want to bother... I doubt if this model is being brought back, but an Asian investment group bought a lot of McC's mfg equipment and patents, trademarks, etc and is now producing some of the small saws. parts for these older units will be through older dealers and a few salvage companies that rounded up McC's old inventory at auction when they went bust a few years back.