Thanks everyone for the input.
This gun will go with me and my other "heavy" pistol in 9mm, and being a reloader you can see that i can shoot out my wrist before hitting the wallet too much.
I just love things that are efficient on the range, but this big gun now serves me well because if i load it with CB ammo i have a pretty quiet yet accurate short gun for little varmint popping in a semi-urban area, or some home fun without the range trip.
That gun is an absolute plus in my collection.
For the Laws here in Italy, wikipedia has the best lecture about (going long):
"Italian citizens don't have a constitutional Right to keep and bear arms, yet the right to possess firearms is granted by law and subordinated to the release of a license from Police authorities.
The applicant for such license must be 18 or older, demonstrate they can handle and use a firearm safely (demonstrated by certification of non-dishonorable military discharge, or with a proper certificate released by a shooting range after a training course), not have a criminal record, and not be mentally ill or a known abuser of, or addict to, alcohol or illegal drugs. Other obstative conditions include living with persons who may access the firearms and who may abuse of them (i.e., having family members who are mentally ill, alcoholic or drug-addicted).
With any authorization, an Italian citizen can detain up to three common firearms, being most of handguns and all those long arms not categorized by law as "sporting" or "hunting" weapons; up to six sporting firearms, being these all those firearms that have been specifically engineered and/or manufactured for competition shooting; and an unlimited number of Hunting firearms, being these all shotguns with a barrel longer than 30 cm and all rifles and carbines that have a barrel longer than 30 cm and fire an ammunition that has either a bullet of a caliber equal to 5,6 mm and a case no shorter than 40 mm, or an ammunition that has a bullet of a caliber superior to 5,6 mm and a case of any length (even shorter than 40 mm). Licenses do not specify the kind of firearms that can be obtained with them but the use that can be made of them; with a hunting license, to be mated with a specific hunting practice permit released by the Region of residence, citizens can purchase any firearm but carry (the Italian law defines carrying a firearm as having a firearm loaded and ready to use on the person, while any other kind of firearm carry is legally defined as transport) only hunting firearms during the season and in the areas where hunting is allowed. With a sporting license, citizens are allowed to transport (unloaded and stored in a locked case) firearms from their home to an authorized shooting range or to another safe place to practice shooting, which, in case of a private place, must be well away from roads and inhabited areas, and not accessible by unauthorized individuals. A concealed carry license allows a citizen to carry a firearm (generally an handgun) on his person for personal defense; this is usually hard to obtain, must be renewed yearly (while the other licenses are valid for 6 years), and requires the applicant to demonstrate to have a valid reason to carry a gun concealed, i.e., a dangerous occupation (typically a salesperson of sensitive goods such as jewelry). All licenses, however, authorize the holder to bring one's firearms to shooting ranges for target practice, and to use one's firearms for home or property protection. Another kind of license, the Firearms Collection license allows the holder to purchase unlimited numbers of any firearm, yet they have to be kept in a proper safe room and can not be used in any case, and no purchase of ammunition can be made for them.
Italian gun laws pose restrictions to the kind of firearms and calibers available to civilians. Full-automatic/select-fire firearms (machineguns), grenade launchers and destructive devices are forbidden; prohibited calibers include the 9mm Parabellum (with the exception of a Simth & Wesson Revolver, but only using bare lead bullets) and all those ammunitions specifically engineered for military purposes (such as 5.7x28mm, 4.6x30mm, .50-BMG and up), while standard military calibers such as 5.56x45mm NATO and 7.62x51mm NATO are available in civilian loads and with civilian denominations (such as .223 Remington, .308 Winchester). Military-style semi-automatic firearms are normally available to license holders without any additional restriction. Restrictions to the capacity of firearms include a maximum capacity of 15 rounds for handguns (applied only since 2004), a maximum capacity of 5 rounds (sometimes 10 rounds or even more according to some specific case) for non-smoothbore long arms (rifles and carbines), while no nominal capacity limit for shotguns exists. Restrictions to the ownership of ammunitions include a maximum of 1500 shotgun shells and/or rifle/carbine cartridges, and a maximum of 200 rounds of pistol ammunitions, which can be elevated to 1500 if the license holder owns a hunting firearm (carbine) in such calibers. All limits can be exceeded purported than a proper license from the prefect is obtained.
According to a 2007 poll commissioned by the Italian consumers association Altroconsumo, the per capita gun ownership rate in Italy ranges between 8,7% and 10%. All firearms in private hands must be registered with the police offices of the town of residence within 48 hours from the purchase; in case of inability to do so, the time limit can be elevated up to one week if the owner can send within 48 hours a "pre-registration" to communicate to the police authorities the purchase of said firearm, in the form of an electronic document whose reception by the receiver can be certified (typically via fax or e-mail)." - by wikipedia.org
In short words, i don't think our laws are excessively strict, just think unlimited hunting weapons, but the part where it sucks big time is ammo limit that is somewhat obsolete and pointless these days.