I've owned both, and like both. The really COOL thing about a Colt is pulling it out at the range and shooting it. Most of the time someone will ask "What's that?" So there's a show-off factor there.
But I've still got a Smith & Wesson M&P 38. The Colts have gone on down the road to people who wanted them more than I did.
For God so loved the world, that He gave His only begotten Son, that whoever believes in Him should not perish, but have everlasting life.
John 3:16 (NKJV)