Yeah, I was that surprised when I saw it, too. It's some type of AR-15 knockoff, but bolt-action! I read about it, and it uses the 700 action. Here's the link. http://competitionshootingstuff.com/_wsn/page4.html
That's what's known as a 'tube gun'. This design eliminated bedding issues.
Yes they do and we've had to rely on these gems as a result of Micheal Ryan's actions in 1987.Still thats life.I believe there's a company in the UK that makes a bolt-action AR for that market.
Why not just use an AR?