I think so, too. I think it makes better use of the short 2.8" magazine length than the .250 Savage but gives a little more length flexibility than the .257 Roberts.
That said, if I were rebarreling a short action with a .308 bolt face, I'd probably go with a .25x.284. I've done 6x.284, it doesn't feed real smoothly, but to me the performance gain over .243 was worthwhile and I think I'd find the same in .25 caliber.
Tom