I am far, [i]far[/i] from an expert on this subject, but try to remain at least partially up-to-date on the current state of the 5.56x45mm discussion. At any rate, I wonder if it has occurred to anybody if the alleged 'shortcomings' of the 5.56mm--which I've not yet heard corroborated by any of my friends in Iraq just yet, but won't simply dismiss out of hand, either--has as much to do with the [i]opponents[/i] that we're going up against as the cartridges that we're using against them.
A convinced, die-hard religious fanatic that is completely unafraid of dying, and is, in fact, [i]intent[/i] on dying in the process of killing Americans probably won't be stopped effectively to our satisfaction by [i]most[/i] calibers. Add some readily-available narcotics into the mix (as was the case in Somalia) and you only make the situation even more dire.
There was an article in...[i]SWAT Magazine[/i]? Or was it [i]Guns and Weapons for Law Enforcement[/i]? Anywho, it related a story of a drugged-up perp that was shot at "point-blank" range with a twelve gauge shotgun something like six times and kept running. Now, admittedly, the shotgun was loaded poorly (as I recall, traditional buckshot was not used), and only one of the shots was confirmed as even wounding him to any meaningful degree, but the point, I believe, is still at least partially valid. If your opponent is sufficiently determined and/or drugged, the caliber of weapon used against him/her will almost always be inadequate from our point of view.
All that said, it is my opinion that the usefulness of the 62 grain M855 seems...dubious at best in the post-Cold War setting that we find ourselves in at this moment. Sure, an armor-piercing round could have been justified when the armored Soviet horde was our primary measuring stick (and even then I would have found the concept of a general-issue AP cartridge to be something akin to fielding [i]only[/i] vegetarian MREs). But on the modern battlefield, our most common opponents are almost certain to be [i]un[/i]armored irregulars. As I recall, the Russians themselves were quite impressed (startled, more correctly) by the effectiveness of the older M193 55 grain round in Vietnam. Where we were fighting unarmored irregulars. Funny how that works, isn't it?
At any rate, I've been keeping my ear to the proverbial ground here and elsewhere on the status of the M16-series rifles, M4-series carbines, and the 5.56x45mm in general, and I think that simply fielding a new rendition of the 5.56 is all that is [i]really[/i] required at this point. The 77 grain prototypes that I've been hearing about popping up out there in the Fleet sound like a good approach to a complicated problem, and with sufficient R&D, ought to do the trick. The proposed 6.8x43mm round sounds interesting as well, but as others have pointed out, might or might not actually be all that necessary on a battlefield with perfectly good weapons chambered in both 5.56x45mm and 7.62x51mm.
Hopefully, the solution presents itself shortly, and hopefully, it doesn't wind up leading to an unnecessarily new weapon. For my money, there's nothing [i]wrong[/i] with the M16 or the M4. They're fine rifles; light, accurate, simple, and durable. It's just the current cartridge that we're fielding that needs revamping to suit the weapons-system.
As [b]cmjohnson[/b] said, just develop a new and improved 5.56 for the weapons that we're fielding.
And that's something to think about.