Is impactful even a word?

Here’s a quote for you:

Judges said that UCS “provides a unified platform for hardware and networking that radically reduces the number of devices requiring setup, management, power and cooling, and cabling. … This offering will be hugely impactful in the marketplace.”

Is impactful actually a freaking word?
I was skeptical of ‘impact’ turning into a verb, but this sounds stupid to me.

Cite: [subscription may be required] http://searchservervirtualization.techtarget.com/news/article/0,289142,sid94_gci1366963,00.html?track=NL-655&ad=724804&int=off&Offer=mn_eh091009SRVTUNSC_a&asrc=EM_USC_9185361&uid=9172689

Yes. It may not be a good wood, or the best word in that context, but it’s a word. It’s even regularly formed according to the rules of standard English.

It’s been in use for at least 40 years.