2) Come on, seriously? You say "even every day items". It makes less sense to ban every day items than it does to ban extravagant items that very few people, if any, need or even want. I can kill someone with a fork. More people have been killed with forks than with this weapon. Are you willing to (digitally) stand here and suggest to all of us that it doesn't make sense to ban this rifle until we ban forks?
And where is your line? Every rational person has a line at which they say "X weapon clearly should be illegal for every day people to own." So where's yours? Do you not feel high explosives should be regulated? If farmers decided sarin gas (since it was mentioned elsewhere in this conversation) was a good pesticide, would you be all for it? Wherever you draw your line, it's just as arbitrary as anyone else's.
3) I'm simply not seeing any novel technology here. Motion tracking? It's been done. Servos being controlled by a microprocessor? It's been done. Distance gauging? Trajectory adjustment? Where is the new technology that we'd all miss out on?
Regarding the note about the bill of rights, what a horribly conceived piece of writing is the second amendment. It asserts the right to "bear arms" but doesn't give any hint as to the definition of "arms". An H-bomb classifies as an "arm" just as perfectly as this firearm does. We've outgrown that short-sighted text.