Yep that's the one. Caan did do a really good job with the 1911. I liked the slow motion shoot out at his house, which included the mag change with the slide still forward, hammer back and a loaded chamber rather then slide back in many movies. That was impressive. Of course the vault cracking was also impressive.
Rent "Heat" as well. Sea Bass is right about the sound (with his sound system it would probably be deafening). Even on the junk TV with below par speakers I saw it on it sounded spades better then anything else I had seen. You will not be disappointed.
I recommend "The Wild Bunch" as well. It's a classic.