I like the Stevens 200 as well, currently doing a .260 build on one, will have $700-$750 in it less optics, thats with a Criterion stainless hand lapped barrel, Bell and Carlson Medalist stock and a self tuned Savage 3 screw trigger, assembled and bedded myself.I don't think the 308 is ever a bad choice, as long as you are up for the added recoil...
For a real bargain basement price yet with excellent quality, the Stevens 200 is available in 308. It could benefit from an upgraded stock, but it is light and accurate just the way it comes from the factory. The Stevens is a great action to build on, but it already comes in 308 caliber and doesn't need anything done to it, as it's likely to be a great shooter right out-of-the-box.
The Stevens line is identical to the Savage line-up pre-accutrigger...same action and barrel; the parts interchange, and the same quality of manufacture. I've seen them go out the door brand new for less than $300...half of what a Model 11 costs, and the M11 could still use a better stock.
I personally prefer the Stevens over the Axis, so for about $260 you can either fill-up your gas tank or buy a new rifle!
TC
If you are interested in Savage, lots of good info over at savageshooters.com
Its my understanding the new Axis rifles do not share parts compatability with the other Savage rifles, the Stevens 200 interchanges all parts with Savage.