Why not????

Would an ar in the FN 5.7 be rockin for the sbr guys. One would think the mag would be the biggest expense. Is there patent issues? In 5.7 a 10.5 barrel would really start making sense. Any thoughts?

It’s been done already.
The only thing the 5.7 makes sense for is to eradicate squirrels in body armor.

http://m4carbine.net/showthread.php?t=19913

Hmmmm… who woulduv thunk it. I would have thought it would have given 5.56 performance with less flash in a shorter barrel.

the 5.7 round is really only valuable in the FN 5-7 pistol, where it is significantly smaller than other comparable alternatives (5.56 pistol), but again, the above link shows that ammo selection for the current pistol might be a better choice.