It is more of a smugglers use. The old design seemed better. Yes it is real. I have handled earlier versions.
Agree, there are better options depending on intent.
There is a new .22 quite similar. Cleaner looking too.
http://www.thefirearmblog.com/blog/2...-22lr-handgun/
Both are really just toys for conversation pieces of collectors.
LE take note as a FYI.