I've been looking into the design too, since it came up. The EFCS (Electronic Fire Control System) has some promise, as it would offer some of the controlability that similar systems offer Internal Combustion Engines. However, there's really no battlefield application for an infantry (It's ergonomically based on the Stoner Carbine platform) micromachinegun with 4 barrels. What's the recoil supposed to be like on a carbine with Minigun RoF, and weighing a little more than a carbine designed for vehicle crews? Spray and Pray? Spray and Pray isn't really useful in urban combat, where there's civilians, IEDs, chemical weapons, and media coverage of every embarrassing tragedy. The last thing the American military needs is a hail of high penetration projectiles going through a wall, and a bunch of hostages on the other side or hitting a critical objective like a Saren lab.
http://www.youtube.com/watch?time_continue=6&v=aMLXXMVeQakAccuracy is a lot more important, to kill the people you should, avoiding the people, and objects you shouldn't while saving money on ammo/logistics. This looks like a Gamer Gun, and we already have a carbine designed by a Stoner.
Also, look at that block of 30 rounds on the side, hanging out like a brickbat. The advantage of electrically fired small caliber caseless ammo is you can carry more of it, and here you've got 30 rounds in the same space as 3x20 round magazines, taped to the side of the rifle. Then what? Pick up those blocks, and bring them back for reloading, or just leave them littered all over the field? I notice in the video, they pretty much just showed the right side of the rifle, and a close-up flash of the big box on the other side being loaded.
How many of those blocks of ammo is the soldier of the future supposed to carry with this lightweight "efficient" design that can fire 4/5 shots at once, and empty itself in a fraction of a second?