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As a military round its days are numbered, if not already over, just as the 30-06 is no longer used. As a hunting/target round it has a bright future, just as the 30-06 did. The 308 and M-14 as a general issue military combo was a failed experiment. The 308 and M-14 had one of the shortest life spans of any military combination. The 5.56 and M-16 family is one of the longest running, most tested and proven combinations in history. It will be the battle rifle for at least another generation or 2.
The 308 hung on as a sniper round and in extremely rare cases for designated marksmen. But even in that role is being phased out in favor of the 300 Win mag. As a general purpose military round it offers very little over a 5.56 with all of the disadvantages of the older 30-06.
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