I think that gun would be a nice hunting set up with out much recoil. I had looked into one some time ago in the Remington 799 but ended up picking up a S&W M&P 9c instead. For the price of ammo you can get a good 1000 rounds in some soft point and be good enough for hunting anything with-in 100yds.
Better yet, would be fun to reload for if you were set up for it. I say go for it, if i had the spare cash now i would love the Savage, back then it wasn't chambered for it.