I have seen that the initial selling price (well over list) has substantially dropped and are now selling for below MSRP. I am not fond of the orange front sight but understand that with the turn of an allen screw a more traditional one can be installed.
I've heard tale of 6 - 7 pound DA triggers which sounds great and while the quality will probably never equal the original Dick Specials it isn't bad. Couple that with all stainless construction, 6 shot capacity, a choice of grips and no I/L and it has intrigued me enough to want to handle and shoot one.
That's just the thing. Reports of the new Cobra have been pretty good.
The predecessor to the new Cobra was the SFVI and the DSII. The Magnum Carry as well, but that was magnum so I don't mention it. Colt basically took the MkIII action and married it with a V mainspring. No forged steel internals. The action design basis of the new Cobra is the exact same as these late '90 guns with some minor geometry changes, which supposedly helps with smoother pull. They also adopted even more "cost cutting" techniques versus the old ones like slanted ratchet finger design which eliminates the alignment pins and holes, and the reported MIM barrel.
The SFVI/DSII was noted as having a good DA because of the design, so I can believe the new Cobra has a pretty good action too, especially if the geometry changes help. So it should be a very usable gun.
Now, I'm reluctant to believe the 6-7# DA pull, as I can't even get an original D frame down to 7# without light strikes, but who knows. Haven't tried to tweak a new Cobra yet, but can almost assure it's not like that from the factory.
Other than that, this gun should make a great carry gun or duty gun. That's what it's designed for, not a collector piece. I have no expectations beyond that.
I talk about the new Cobra however I want, but never do I bash it or call it junk. Discussion about the "good and bad" of a gun should never result in turmoil as long as kept to a professional level. Some people like to talk engineering and design, and find it fun to "dissect" a new gun.