It was about 1990 or 1991 when the idea for the Performance Center was conceived and executed. Gather up a handful of the finest craftsmen they had on the property and give them space in their own facility to do true full blown custom work and custom guns spec'd out by the buyer.
One of their earliest projects was to finish up the last of the Model 52-2's before S&W took them out of production. And it was soon concluded that full ordered customs were going to be cost prohibitive and low volume, so they came up with some ideas and made those instead. The Briley Custom, the 3566 Limited and 3566 Compact. The Shorty40 and shortly after, the Shorty9 and 45.
All of these pistols started as over sized frames and slides and were fitted together by hand, one at a time and along with the Model 52, they became (with no contest and with no argument) the most elite semiautomatic pistols to ever wear the S&W logo.
By 2011 the very last of these pistols were shipped and the true Performance Center was dismantled. These days, S&W continues to use the name and the esteemed logo for production guns with odd or added features. That you can purchase a robin's egg blue "PC" .380 Bodyguard almost literally turns my stomach. They make "PC" versions of the new S&W Victory and these pistols are not high quality in any way you would choose to measure it.
The later PC 1911 such as the one with the blue stocks and slide cuts are production guns that are assembled by employees. It would be wholly unfair for me to judge real live people that I haven't met, but a S&W PC post-2011 isn't something created by those artisans from the real PC. These are guns made by the same folks that slap together a thousand M&P tupperware toys daily today.
The Performance Center, the one that we know and love was lightning in a bottle and should be celebrated and remembered fondly.
It does not exist today.