I got a chance to fondle one of these yesterday at my local guns shop.
It was chambered in .45LC, and had the 26" rifle barrel. The rifle takes 14 rounds in the magazine. The finish was a very nice deep blue that was very even and the furniture was nicely fitted. The action was just this side of buttery, and very smooth with a trigger that was neither light or heavy, but operated smoothly. It compared very favorably to the AWA Lighting that I got to shoot last weekend at 1/3rd the price. The point of balance was at the receiver end of the pump forearm, which made it very handy even with the long barrel. The sights were wide, allowing alot of daylight around the front blade. The one external difference I noted, if I remember correctly, was a decocker button mounted on the hammer that allowed you to drop the hammer without pulling the trigger, not a plus for me, but not necessarily a minus as it was small and unobtrusive. It was marked for $420, and was a very nice rifle for twice that price. I didn't go home with it, though it was a close thing, as I don't reload and the .45LC doubles my ammo costs over .38 Special.
The proprietor said that other models in the Taurus catalog are carbines, stainless steel models. and color-case hardened models. I was going to wait for a carbine in .38/.357, but after handling the rifle yesterday, I might change my mind on the barrel length.