It is like a modern day M-14?
Not at all. The AR-10, that this is based on, came before the M-16/AR-15. Invented first, so to speak. Downsized to the 5.56mm/.223 later on. The original .308 has been around a long time, just now coming into it’s own...........
Now Frantzie, don't be such a cynic. This $5,000 thoroughly-modern-wonder is almost as good as a $500 M14, and also has a built in flashlight, corkscrew, and decoder ring.
There's another advantage. The M-14s are available immediately. This one has to go through a few years of field testing and improvements, which will create jobs ... in Mexico.