I dont mean this to stir anything up either but here's my take. I think a 1911 often times makes us have "pretty girl syndrome" ....In other words, we get infatuated with how it looks but may forget its practicality. With that said, 1911's are great guns, but you need to ask yourself what role will it fill? As a fun gun I would say go ahead. As a GTW, defensive gun, I would say weigh your options. Weight, size, capacity are all issues to take into consideration. As a home defense gun, I would suggest something with a rail for possible light attachment. Many 1911's dont come standard with this (yes I know they are out there) but just another thing to think about. Unless you are dead set on a Glock as your other option, I would also take a look the m&p line, Sig's new p227, FNP series, etc. I don't have anything against 1911's at all, and I know many consider them to be the knees bees when it comes to firearms. I would just figure out why you want one, and go from there. Worst case scenario you can always sell (whatever you get) to fund a different firearm.
But I like pretty girls! I agree with AllenM that this is an excellent post, but being an older guy with smaller hands the 1911 really is the bee's knees. I have a G23 with a big 'ol light hangin' under it in the night stand, I really like to carry & shoot my G36 (as well as my PF9, CS9 and S&W M36, no I wasn't the guy at the state fair carrying 5 guns), but I love my 1911. Find what you like and what works for you (there are a LOT of good ones on the market) then get it. Personally I'm kinda like Jesus as far a guns go, I love 'em all, and no apologies for that.