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I have nearly zero experience with long-guns, but I did briefly own a 7mm Rem Mag Savage. The idea that this cartridge is being neutered isn't surprising. The same has been going on with the Magnum handgun cartridges for years. The only way the latest "wondernine" cartridges (the .357 SIG is the best example) can be advertised as being equal to the .357 Magnum is to first neuter the Magnum by taking away a few hundred feet per second. The same is true with claims that the 10mm is equal to the .41 Mag. The claims of the .327 Federal being equal to the .357 are perhaps the most outrageous of all.
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