To me, the beauty of the P320's setup was more about the ability to stipple or modify the grip module without fear of permanently boogering up the gun for resale purposes. Beyond that, while it's nice to think that you can swap around parts and get new calibers or sizes, the x-change kits are priced to the point where it makes just as much sense, IMO, to buy whole new gun and get two mags instead of one and not have to worry about taking the frame apart when you want to go from one gun to another. I realize that the grip modules are also sized differently (small, medium, large) in diameter, but Ruger's backstrap system is just as efficient and doesn't require an extra purchase. Grip frames cost $40-50 and full x-change kits are like $275-400 depending on where you get them. Kind of pricey since the guns can be had for $450-550.
There are a few other things that bothered me about the P320. (1) The FCU fits kind of loosely into the frame so there is a LOT of play between the slide and the frame. (2) SIG switched out the design of the grip module and slide catch... but they didn't change the SKU number for the parts so you don't know which part you're getting even if you order directly from SIG (and they tell you they have no idea when you order from them). (3) Lastly, the triggers vary WIDELY from one gun to the next. You might get one with a 5.5# crisp pull and the very next one you try might be a 7.5# pull with a weird double-click that they sometimes have. This last point might be one of the primary arguments for buying an x-change kit instead of getting a whole new gun... since you don't know what the trigger is going to be like when you get it.
I love my "classic series" SIGs as much as any gun I've ever owned and I've owned a lot. The P229 Legion in .357sig might be darn near my favorite current production pistol out there. However, the P320 was kind of let down based on the ridiculous amount of hype you see floating around on the internet. Don't get me wrong... it's a nice gun. However (and I know I'm in the minority here), I like the RAP more.