Not the 8-shot N-frame 627, but there is the 3" 60 Pro, a 5-shot J-frame:
It's actually a bargain compared to the other 60's - less than the $43 the grips cost more and you get a tritium Night Sight, target barrel, the 60 Pro wood grips, and an improved trigger.
After replying this morning, I picked up my 627 Pro and covered the last half inch or so of the barrel. If it had a barrel profile like the old 3 1/2" Model 27, I would buy it. Eight shots, stainless steel, classic lines... that would be cool.