I plan on buying one soon, most likely a Springfield Mil-Spec in stainless. Kimbers and Colts have some great reviews but to me seem overpriced. Para-Ordinance has a few nice 1911's too but their custom extractor bothers me (though I admit I have no experience with them).
My dad has a Springfield Loaded Target 5" model. I love it. Shoots great and that thing is a nail driver. Just wish it had three dot sights instead of the target sights but for the deal he got on it, those are easily changed. You might look at Taurus for a decent 1911 with plenty of features starting out. Rock Island Armory is also great if you are looking for a GI model without any bells and whistles. They are inexpensive and well made.