Henry, yes, it is.
As someone with a few M29's, I can tell you that my Anaconda compares very favorably. It's my latest 44 Magnum, and if my first outing is an indication of how well it will shoot, my Smiths might be getting jealous.
There have been reports of some lemons out there, so be sure to inspect before you buy. When Colt laid off a bunch of Millworkers, some of the machinery got out of alignment, and a few left the factory with the barrels bored two degrees off. If you see a used gun with the rear sight cranked all the way to one side, it's probably one of them. Another way to tell is to insert a 3 foot wooded dowel into the barrel. If the barrel is crooked, the dowel will show it. Also, check the timing. Like I said, there was a time period where they rushed a few "out the door".
Mine is a first year gun, and I am very impressed with the quality and the accuracy. I've shot it with 240 gr. JHP's and some 300gr JSP hunting ammo, and recoil was very managable. But is DOES kick with the 300 grainers!
This might be a bit extreme for some people, but I've been know to carry LARGE revolvers on a pretty regular basis.
Check it out, it CAN be concealed:
The holster is a Thomas Perfectionist, made by Kramer. It is for an N frame Smith, but the Colt fits like it was made for it. Perfectly.