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Perhaps if it truly matched .357mag velocties I'd be more interested, but it falls short by about 200fps.
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This is partly a problem of apples-and-oranges comparisons.
The 357 SIG wasn't designed to duplicate anything anyone can possibly do with the 357 magnum cartridge out of any conceivable firearm and any possible loading.
It was designed to approximate the ballistics of common 357 SIG defense loadings shot out of duty-size handguns. It does that fairly well.
If you are a cop looking for a duty pistol or anyone looking for a self defense pistol, I think 357 SIG is a viable option. Not the only option, not a magical option that is infinitely more deadly than any other caliber, but a viable option worth considering.
If you are hunting moose, shooting 200 grain nuclear handloads out of your 12" barrel scoped hunting revo, then no, I don't think 357 SIG is going to match what your 357 magnum can do, or even come close. But that wasn't the intent, either.