Change the upper receiver to a piston-type which for civvies is about 1000 USD and you essentially have a Galil. Israel got religion about the AK after the '73 war. They have a good record of learning from their military mistakes.
What I'm not sure about is a new cartridge. A heavier projectile will maintain momentum for longer distances, but to have the same muzzle velocity, you will need to add more propellant. My hand loading experience with .223 says it's possible, but maybe not desirable. And I think to move beyond the 62 grain projectile you will have to increase bore size. Once you move out of the .223 / 5.56 envelope, you're looking at new magazines, ammo pouches, etc.
I like the idea of adding reflex sights, as no iron sight really allows for quick target acquisition. But not sure how long anything with glass will last in combat.
As for the article's timing? Ask FN.