I'd have to agree with you. It is weird though that in the last 20 to 30 years the firearms industry has created many new small caliber cartridges but the 5.7 Johnson hasn't seen a revival. I believe that if a company would make a new version (especially in stainless steel) it would see a resurgence. As long as people stayed within the parameters of the original design and factory ammunition was available. I would point out though that Ed Johnson has stated in the past one of the reasons the cartridge initially failed was that Johnson had a hard time trying to get anybody to make factory ammunition for it. Those that did didn't make much, so ammunition was a problem. And most people don't want to spent the time and effort to "roll" their own. One of my dreams for years has been an M2 Carbine in 5.7 MMJ. With decent magazines and not that imported rubbish.
Video: 5.7 mm Johnson Spitfire Carbine | American Rifleman | Official Journal Of The NRAInformation
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