Temporary -yes. Baby will eventually grow out of it. But what to do in the meantime? Colic is really a wastebasket term for "we don't know why your baby is crying." A lot of people are finding that acid reflux (which is common in infants) is hurting the baby and causing the colic. Something to talk about with your pediatrician.
Have you tried a sling or infant carrier (I don't recommend snuglis or bjorns, as they hang baby by the crotch and cause a circulation problem)? I use a pouch sling and an ergo carrier, and my sis loves her babyhawk mei tai. I can get soooo much done while carrying him, and he stays happy sitting close to me.
And an added benefit - carrying baby so much has helped me get back in shape :)
I am an unabashed Dr. Sears fan - their Fussy Baby Book might also give you some tips and tricks.