My Buddy has one in 7.62x39 that his daughter uses for deer and even elk.
He has worked up a hot 150 grain SP load that is hits just as hard as the best 30-30 loads.
He says that unlike a 30-30 lever gun, it's very accurate out to about 250 yards. You get about another 75-100 yards of range with the bolt action. He has it set up with a fixed 6x scope, but he says the thing is a blast to shoot with cheap steel case ammo and iron sights when it's not hunting season.