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What I'm curious of is, if I walked into a store and bought a high powered rail gun that could launch a 7.62mm projectile at 2800 FPS, would it be legal?
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Yes
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What about a laser gun firing bursts of laser that could cut through wood? Metal?
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Yes
However, neither would be protected by the 2nd Amendment, as it only pertains to "firearms" (as it has been interpreted to date). So, a mere 51% majority in House and Senate and President's signature can easily outlaw these items.
BTW, that handheld 1.2 Watt laser is tempting...wonder how long it will b