You hit it in the head Chad. That method is called Reverse sear, and it's quickly becoming popular way in bbq forums.
Originally Posted by Kenny Rogers
Never tried smoking a steak... but I'd be interested at the results! I bet if you let it smoke until VERY rare (around 100 degrees) you could throw it on a VERY hot fire (around 1300 degrees) and sear it for 30 seconds a side, and have a VERY tasty steak!