Yep, though most of my friends swear by .300 win mag for elk.  Again, my problem is that I am not a big guy, so any of the magnum rounds, 7mm, .300 and such kick hard enough that I tend to flinch a touch before the shot, so I avoid them.  They are fun to shoot occasionally at the range, but if I am trying to put food in the freezer, I prefer a round that I am more accurate with.