338 Federal vs. 358 Winchester
Without a doubt I'd prefer the 358Win be reborn rather than have the new 338Federal. I base that almost solely on the availability of cheaper pistol projectiles for practice. I enjoy shooting and using my rifles, so cheaper projectiles are a major drawcard. I'm even tempted to ask my 'smith to build a "411 Taylor" so that I can use pistol projectiles on the range with the Woodleigh 400gr for the serious hunting. Would be fun in a lightweight package.
The 338Federal it seems to me will draw interest as its being loaded with some great premium projectiles, but realistically, at this velocity are they required? The 33's have better SD and BCs compared to the .35s, but at the distance within which these cartridges should be used ... I doubt it would make a difference. So its still the 358Win for me.
Whether its a 358Win, 338Federal, 9.3x57, 9x57Mauser, 9x56Mannlicher, 318WR, 375Velopex, 35Win, 303-35 etc ... there is a lot of effective hunting history in the slowish medium bores. But consumers want velocity and these medium bores fade very quickly.