Among the old coots and young whipersnappers that we've trained (all revolver aficionados of one sort or another), the .38 Spl will always be special. For carry in snubbies, its shorter case length makes for easier more sure ejection and with the recent improvements in short barrel loads/bullets (read: 135 gr Speer GD .38 +P), you've got a great carry combination that's pocketable (read: can actually be fired reliably from a pocket) and effective as any 9mm.
Truth be told, I'd venture to say that a hellofa lot more .38 Specials are fired in .357's than the full house load (or the reduced equivalent .357 load). My personal favorite which is just over the standard/+P pressure line for .38 Special, is the old, but much appreciated, FBI/Treasury load (158 gr LSWC HP at 900+fps from a 4" tube).
And for target panning, it doesn't get much better than 2.8 gr of Bullseye with a 148 gr WC for Camp Perry level accuracy. I'd stack that load against any handgun excepting one of the Swiss/German Int'l pistols. Fifty yard groups with good Colt or Smith target revolvers hover close to 1" from Ransom at 50 yds...
But will it last....I'm past buying green bananas, but from my perspective, if it's hung in there for 120+ years, I'd not bet against it's impending demise.
YMMv, but I forgive you, your inexperience...LOL Rod
Pic: My favorite .38 Spl (a S&W M67 police turn in); with 2 consecutive 6'shot groups using the FBI load. Shot DA, from 10 yds/Weaver Stance.