It is now, admins had a discussion just to make sure we all know whats what, a few issues are slightly iffy, but quickswitch exploiting to make yourself shoot your gun faster is now a bannable offense, someone will warn you if they see you do it, but eventually you won't get anymore warnings.
*edit* Oh yeah, and seth, it makes it so it doesnt have to crank the chamber so then you can fire your awp slightly quicker.