Yes it is.
I'm very happy with my purchase thus far. It's leaps and bounds in build quality over my own DS lite. The minor improvements (better screens, no scratching, better battery life) in the Zelda edition means that I haven't experienced any of the glitches that the early launch models had. I figure if they do announce a redesign that's significantly better, the Zelda edition will retain a bit more value as opposed to the other models.
On the software side, I'm really enjoying OOT 3DS, which is truly the definitive version. There's also enough meat in the form of quality GB classics and 3D classics in the eshop to keep me occupied for a while. Netflix works great if I want to watch a movie or show in bed.