Slinger,
Cabela's does still sell handguns, but the majority of firearms are long guns, as mentioned some with BIG price tags. In the past 5-6 years, the numbers of handguns has thinned. If you check the GunList, Cabela's usually has an add in it. I've had the opportnity to visit both NE stores, Owatonna,MN and Mitchell, SD stores, and can and do spend hours in them when I get back to the Midwest.
My favorite is the bargain cave. Most my camping gear came from there!
Snake