Gotta just love the PPK and PPKs. I had a couple of S&W PPKs, but ended up selling them. There was not anything wrong with them- in fact they were reliable and accurate. Both were .32s.
Before you drop the big bucks for a new S&W PPKs, try to find a Walther German made one. There is a world of difference in quality. I ended up getting rid of those two becuase I found some older, German made ones.
If you are dead set on getting a new one, then I would wait. S&W and Walther are in the process of undoing their business relationship, and very soon PPKs will be once again made in Germany!
Bear Arms or Wear Chains