It defenately has OS and I consider Sigma`s OS better than Pentax` SR with focal lengths over 300mm. I have shot as low as 1/80s handheld and got sharp images. Be sure to turn SR off if you want to use the full potential of the OS.
When you activate AF, you`ll hear the OS engage and your image in the VF will stabilize. And as with all long lenses there is a learning curve. Don`t give up yet, if you get to know the weaknesses of the lens, your IQ will improve.
As for that matter, I consider this a "nice weather lens" as it needs tons of light and it must at least be stopped down to F8 for decent sharpness. Even in bright sunlight ISO500 is the minimum to get decent shuttertimes (e.g. 1/500 or more) It is a little soft on the long side (like all megazooms of this level) so leaving the filter at home is probably a good idea.
Here`s my album on Flickr:
https://www.flickr.com/photos/tenznl/sets/72157631591048199/