I passed up one just like it a while back at my local and I'm still kicking myself in the @ss over it. It would have been nice to have one Colt in the stable. The 22 would have been a great little gun. if I remember correctly, it was $295 also.
Had one of those years ago. Had adjustable sights and steel frame and it was beautiful. It is a nice little gun, but is Colt lock work, which means five shot for safety, and a bit on the fragile side compared to Rugers. Not made anymore so they will go nowhere but up in value.