Yep, it's an inline. And did I mention that it comes with the outstanding Accu-Trigger system?
If you want to read a good deal of info about the Savage ML10-II, go to the following links:
http://www.chuckhawks.com/instant_slamification.htm
http://www.chuckhawks.com/savage_ML10.htm
http://www.chuckhawks.com/savage_10MLII_accutrigger.htm
http://www.chuckhawks.com/savage_ML_FAQ.htm
Mike