Because of flap and throttle management needs to be good in a 38, I respectfully disagree with Karnak. Compared to the spits, niki and such rides, the 38 is quite "hands on".
Karnak is right that it's a very capable plane though. It's certainly not the dog some profess it to be: Good turn under flaps, good authority when fast or slow, fantastic in the vert, good views, wonderful gun package. He's right in that it has no vices, beyond it's large profile from above/below. This is somewhat compensated for by its very slim profile at dead 6. It outclasses many planes in the MA, and most planes with a driver who is adept at throttle/flap management.
It does tend to attract more than it's share of attnetion in the MA though. This isn't a vice per se and just a personal observation but it seems so. I'd consider this a disadvantage.
There are some real flat out killers in the 38, too. Look at some of the various SAPP guys... then Lazer and Del. Those two are among the best at the craft of killing bad guys in the MA. AKAK has shown that a 38 with alt is about unkillable 1v1. He gets bored, blows his E to kill a couple of guys, and only then can he be taken down.
to the guy who said 109's out turn a 38... well that's just not entirely true. Any 38 over 250 or so is going to rather easily out turn and of the 109's.