I am something of a minority in American tank circles, in that I think autoloaders are probably the way to go.
This list of modern autoloaded tanks is still fairly small. China, France, Iran, Japan, and anyone mucking around with modifying/license-building variants of Russian tanks are making autoloaded MBTs. Light tank autoloader manufacturers are Austria, France, and had the M8 Buford gone into production, the US. Cadillac's LAV-105 also has an autoloader. Israel has a semi-autoloader. The ammunition is provided by an autofeeder in the Merk IV out through a small hole to the human loader, who then puts the round in the tube.
The commonly used arguments against have all been mooted above. Speed, reliability, reset position, extra crewman, eating crewmen and T-72s popping the turrets. There are counters to all of them.
Speed: Old Soviet-era T-XXs would have a cycle on the order of ten seconds. A human loader will have a round ready (using modern ammo, not laploading) in about four or five. However, modern autoloaders do a lot better than the old ones. Leclerc's is a six-second cycle. T-80s is supposedly faster. (Albeit using a vulnerable carousel) However, over time a human loader will also slow down. Not because he's getting tired (though I guess it's possible), but because in a human's ready rack, there is a 'sweet spot', where the rounds are just perfectly positioned for the loader's height/build in order to get the round out, over, and in the tube.
Reliability: Yes, an autoloader can break down. Humans can get injured. I have not heard complaints from French or Finnish tankers (The autoloading type I seem to run into most) about their mechanisms, however, I wonder if it's the same argument that Hondas never break down and Chevy's always do. Common perception, but my Chevy's doing rather well, thank you.
Reset position. Non-issue. Elevation is plenty fast on a modern tank, the sights never leave the target. Gun position and sight position are independent. It should be noted that some manually-loaded tanks, to include Challenger 2 and Leopard 2 have a 'reset' position as well, to make life a lot easier for the human loader.
Extra crewman. An example of people not thinking two stages ahead. The French sort out the problem of not having a fourth chap for maintenance/sentry by having a fourth chap for maintenance/sentry. He doesn't go into battle in the tank, he rides around with the headquarters section, and meets up with his tank when they lager up. Whilst this solution does not save on the manpower issue, which is a commonly touted advantage, it does save on the volume issue: Autoloder's primary advantage. This means that you can have a smaller, lighter tank for the same levels of protection.
Eating crewmen: This problem with Russian autoloaders (which you will note has not been an issue with any other country) was on BMP-1s and early model T-64s. After that, they solved the issue. It is no longer a problem, and it's an unjustified bad rep.
Popping turrets: This was a problem of the Soviet design, with the ammunition stored unprotected underneath the turret. Modern autoloaded tanks (Including the latest Russian designs) have the ready ammunition stored in an compartment in the bustle, much like Abrams, and separated from the crew. Indeed, the protection is probably better since there is a chance the ammo can be hit in the American tank with a rack door fully open, while ordinarily there's only a little round-sized hole in the blast wall for the autoloaded round to come out. The Buford was/is slightly different, it had/has a carousel autoloader where the rounds are stored vertically on the left side of the gun, both crewmen were in their own fighting compartment on the right.
So you have those somewhat non-issues, compared to the advantages of having a smaller, lighter target of the same protection levels (Or a smaller, equally heavy target of greater protection levels), and only putting three people in harm's way at a time instead of four.
I believe the only reason we're staying with four-man crews is tradition. That, and the last generation of Western tanks was produced (bar Leclerc: Autoloader, and Challenger 2, complex ammo) in the 1970s/early 80s, mechanical reliability may not have been up to snuff. I think autoloaders are the way of the future though.
NTM