Since there seems to be interest on this subject, here'a copy of my post discussing this over at Usualsuspect.net:
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Okay, we've had this discussion before--on the 5.7x28mm that is--and while very high on the cool factor, you should be aware that this is a very specialized weapon to fill a very small tactical niche.
I know many of you out there are speed junkies, but the faster-and-lighter-school of design has really gone out on a limb here.
Remember, taking down a bad guy requires hits on the CNS or bleeding out, and absent direct hits on the CNS, this tiny round at hyperspeeds will not be creating sufficient wound channels to get the job done, even after multiple hits. Recall the problems with Rangers had in Mogadishu with their .223 AP ammo on the Somali technicals.
From Dr. Martin Fackler's article, entitled "Puny PDW Bullets Perform Poorly Putting the Lives of their Users in Peril."
In criticizing both the FN P90 (5.7x28mm) & HK MP7 (4.6x30mm) Fackler writes:
"...Despite...absurb exaggerations of its cabilities by FN (claiming it makes a larger wound than a .44 Magnum HP bullet)...the P90 has hung around for more than a decade without any notable success...."
"...this group of weapons [PDW's], with tiny bullets in the .22 Short weight range, possessing less wounding capacity than the .22 rimfire magnum bullet, has been given the "catchy" name "Personal Defense Weapons" apparently to make them appear to be something exceptional -- and to direct attention of potential purchasers to their name, diverting it from their woefully deficient wounding capacity..."
"...PDW bullet developers have apparently forgot that their PDW bullets produce temporary cavities of only about three inches in diameter -- and it is well understood that temporary cavities smaller than about five inches in diameter cannot be relied upon to add significantly to a bullet's wounding capacity on a human target."
Finally,
"...the PDW bullets are considerably outclassed by standard military FMJ bullets. When compared to the modern well-constructed hollow-point handgun bullets used by the police, the PDW bullets aren't even in the same ballpark. By no stretch of the imagination is the PDW bullet adequate for law enforcement work: its use is likely to get police officers killed.." [note: emphasis is Dr. Fackler's]