An honest evaluation:
When I first noticed the 696, I liked it. It was $439 then (2001-2) at a store. I would eventually buy a 629MG for my first .44 - $519 (11/2002). It would not see a Magnum for some time - just my wimpy .44 Russians and midrange Specials - and the 200gr GD Blazers. I really wanted the Ti atom bearing 296 AirLite Ti - ever since it graced the front cover of A.R.. I traded two AMT .45 DAO Backups towards both a new 296 and the new 696. The 296 was closeout priced - $359 - they took another $10 off for buying the pair on the same day in early '03 - to be my my biggest S&W expenditure for years (My 2 5/8" PC627 topped it this year!). I left the two AMT's and $427.40 for the pair - a bargain!
My 629MG grew cobwebs... the 696 gained constant rangebag status. Wood grips were fine. It's rounded UM's Combats went on the 296, insulating my palm from that backstrap. The combo was carried, admittedly infrequently, in an OWB holster. It saw mainly Blazers - until one split it's case in the 696 - then either GA Arms new brass loaded 200gr Gold Dot - or my homebrews with that bullet. All three 200gr GD variants circled 805 fps from the 2.5" 296 & 830-835 fps from the 3" 696.
Ultimately, I traded the 629MG, actually it's remains & some moola, for a new 4" 629 (Thank you S&W!). I am much happier... larger hammer & trigger - OR frt/WO rr sights in lieu of the MGs blk/blk - and it's additional 2 oz is out front at the muzzle (non-tapered tube). Oddly, I put some .500 Magnum Hogue monogrips on the 4" 629 - and launched real Magnums. Back to the Ahrends wood grips, and it my favorite .44 Special/.44 Russian launcher. Now the 696 has cobwebs! Keep in mind that the 4" 629, SKU 163603, weighs 6 oz more than the 696 - not bad when you consider the gains - another inch of barrel, another round in the cylinder, and real .44 Magnum capability. I love my 696, but that 4" 629 will be here when it's gone.
Oh... the 296. Nowadays it sports it's OEM boots and rides in >2/3 of my front pockets in a R. Mika pocket holster. Normally loaded with 200gr GD's from GA Arms, it carries a first shot of a 240gr LSWC making 790-800 fps when I am in the boonies. It'll be here forever!
Stainz
PS The most fun with the 696 is loading up my 240gr LSWC over 3.5 gr Titegroup in cute little .44 Russian brass in it and handing it to young & old, novice & veteran shooter alike. It is uncannily accurate, mild, and polite. And... at 692 fps, it makes 'major' power factor!