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Looks like Colt is going bankrupt http://www.ktuu.com/news/business/iconic-gunmaker-colt-is-on-the-brink-of-bankruptcy/33503588
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S&W buying Colt, man, that'd be the day. At least they'll likely bring the Python back though.
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Colt's been shuffled from capital-pillaging owner to asset-stripping owner for years now. Amazing they're still in business at all, really.
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Kinda fun to think about, people say Colt cant keep up with todays firearms, and as Colt history go, they are kinda doing the same mistake as they did about 100 years ago when Colt said the metal cartridge was not a good idea and let it go to S&W