As far as I know, the target pistols are designed with a "function over form" mentality, although if you're a bit techy, something like that can look just as good to you as anything else...
For visual reference (and other details) observe:
http://www.dlairgun.com/Twinmaster.htm
*note the second and third guns on that page*
They are shaped and built the way they are for balance, trigger pull, and precision/consistency.
I don't know how well this airsoft version would fare as a target pistol, but I know that the pellet guns can be very precise. This would be largely due to the counter-weights, the tight tolerances, floating barrel, the fact that it's single shot, and the quality of the valves inside.
Of course, a steady shooter helps too...