My dad has a Colt 1908 (same as the 1903 but in .380). I shot it a few times and it's a sweet little cream puff. I don't remember how it shot accuracy wise, it couldn't have been too bad otherwise I'd remember, but it probably wasn't a tack driver either for the same reason. I actually started a few girlfriends out shooting it after they got bored with .22s. It had a small enough grip and just enough recoil to keep them interested.
If I could find one at a decent price (1903 or 1908) I'd snatch it up.
And no KillStick is not my father