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William, yes Sir it is. Magazines are here : budsgunshop.com/catalog/search.php/type/Magazines/q/1911%2022lr/sort/relevance

William, You are correct on all points. If you want THIS firearm and want a deal. Roll the dice. I would stay away. Too many 1911 22lr chambered firearms out there. It was a limited 'Tribute' run. Magazines are like unobtainium.

its not listed on the colt web site so it appears to be out of production so i suggest that you stock up on mags as all the 1911 22lr guns use their own mags and do not cross from one to another also as these were not made by colt I suggest looking at the GSG/ATI 1911 guns as they have a huge aftermarket supply here is the ATI/GSG budsgunshop.com/catalog/product_info.php/products_id/62297/ati+m1911+10%2b1+22lr+5%22