tl;dr:
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Purist: "It ain't a real Colt!"
Pragmatist: "I like it, it looks and functions just like a real Colt!"
Purist: "You cheapskate! You just don't want to spend thousands on a popular gun because you aren't as cool as me, and I love real Colts!"
Pragmatist: "Now hold on, I never said it was a real Colt. I just said I like it."
Purist: "Whatever, your replicas are not the REAL thing!"
Pragmatist: "Oh yeah? I can shoot my replicas, your real thing stays in a box and rusts."
Purist: "You're just stingy and you smell of rotten bananas."
Pragmatist: "You're ugly and your mother dresses you funny."

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Beyond that, I like Italian guns. I think they tend to spend more time on the finish and fit than many contemporary American manufacturers. Count me in for a nicely finished, shootable, enjoyable Italian Pony.
So, now that we've hashed out the purists from the pragmatists, how about we all have a refreshing beverage and head to the range?