I have the 4620 which I believe is based on the 295. It actually gets some decent work for me when I want to pull out a lightweight saw. Its actually usually the first saw I use in the spring - when the wife wants some samplings or similar pulled & I dont want to fire up the big saws/havent got good mix yet that year.
Stock, however, its not going to be much fun to use, but here's what Ive done though:
1) get rid of the stupid 20" B&C. No way this little 46cc engine can run that effectively. Ive outfitted mine with a Husky 16" & it runs much better. It will take the husky bar pattern with no problem - should be the same for a dolmar bar, I believe.
2) (actually, this should probably be #1) get rid of the tool-less adjustment. You can just drill a hole if you like, or you can look online for the "old" style side cover. I think i paid about $15 for mine, shipping included. I know some people said they were able to just contact poulan & complain enough until they got one sent free. I got my saw free from the local landfill so I figured $15 was ok to spend.
3) Open up the muffler a bit. It makes a huge difference on this little thing.
After that, you have a pretty nice, light saw with decent antivibe. Its definitely got more grunt than my dad's limber (ms180) and at quite a lower cost.
If you do get one of these, make sure you get a hold of one of the carb adjusting tools. The stupid carb (while a good quality walbro) of course uses a special splined tool on the H & L needles.