In a word, no, though we all hoped that it would be.
There are many echo machines that produce excellent echo simulations of the ones that you hear on those old Shadows records and as somebody who had tried and had all of them my personal opinion is that the H&C is very good but didn't stay with me. I eventually bought the real deal, a Meazzi Echomatic, which inspired me to buy the TVS3 for the second time. Yes I did say the second time, because fourteen years ago I bought a hand built Vox AC30/4 by a guy called Rod Jenks in Australia along with a TVS3 from a nice gentleman on this site who was in need of some money. At the time I owned the ESE Echomatic tape echo machine which was excellent and I used it all the time.
I didn't know it, but my hearing was seriously impaired and it caused me some confusion relating to sounds, but I didn't know at that time. So to me, the TVS3 sounded good, but no different to what my ESE was delivering. This was reinforced by the opinions of many people on this site who encouraged me to sell it on for that very reason, so I did, not knowing what I now know because my hearing has been largely restored and I can now hear the true qualities of the TVS3. Had I known then, the TVS3 would not have been sold.
I still have the AC30/4 and the Meazzi and TVS3 sound amazing through it, as well as my other gear. I recently studied Paul Rossiter's quest for his perfection and since my TVS3 arrived, along with my band members we have done a lot of playing and comparing and we are amazed and satisfied that the money was well spent. What I am prepared to say after doing extensive research is, nobody or no firm has managed to do what Paul Rossiter has done and what ever new gadget or pedal comes on the market, it won't do what the TVS3 does because nobody understands what it is that does it. Most of the echo boxes are close, but I can't find another that 'nails' the Meazzi. The Strymon Volante is great and works a lot like the old tape/drum machines used to do, but you need to know how to use it.
That's really all there is to say as I'm not wanting another echo debate, for me it's conclusive.