www.300aacblackout.com
Today I shot 175 Sierra MK at 1950 fps from a 20 inch AR (340PF). It should be able to do a 330PF from a 16 inch. AA1680 or H110 powder, 2.26 OAL.
Compared to 300 Fireball, 30-221, or 300 Whisper®, the freebore is longer, which tends to allow it to be loaded to a higher velocity before reaching max pressure. So it is like comparing 5.56mm to 223, or 6.8 SPC-II to 6.8 SAAMI.
Remington is loading factory ammo and about a dozen companies are making products soon or have already.
30 round magazine capacity and uses standard bolt face. Feeding is reliable and bolts don't break prematurely.
http://www.silencertalk.com/forum/viewforum.php?f=128
http://www.m4carbine.net/showthread.php?t=63569
http://www.ar15.com/forums/topic.html?b=3&f=121&t=512119&page=1