deckhopper - Although the 8 port switch on the 3448 has the ability to route between VLANs, it is not a layer 3 switch. However, it does allow you to create multiple VLAN interfaces and route between them as well.
Please do not hesitate to let us know if you have any questions.
Thank you! After some testing, I also found that we can apply VRFs to the VLAN interfaces.
This will be helpful since multi-vrf (on the LAN ports) will be a requirement for one of our customers.