The gun shop I went to, had some in stock, but they were "California models". I asked the guy what the difference was, and one difference he pointed out to me, was that the collapsible stock had been locked into the full stock position. I don't know if that is the only difference or not, but I just wanted you to be aware that this variant exists out there, so that you can be sure to get what you want.
No, the Sport has a medium contour bbl. that's actually thicker under the handguards than a government contour bbl. From the FSB forward it's .750" diameter, the same as a USGI M4 bbl, and it doesn't have the thinned out section for grenade launcher mounting hardware. The bbl diameter on the Sport is actually closer to M4A1 spec than most commercial bbls. The original M16A1, so called "pencil", bbl was .625" diameter the full length if memory serves. The .9" and larger diameter bull bbls have never been standard issue on USGI M16 / M4 family rifles.The sport also comes with a thin barrell. Again not a big deal unless you're dropping into a war zone anytime soon.
What tonyangel said but the sport also lacks a chrome lined barrel
The truth is that you'll shoot the throat out of the barrel before either coating makes a difference to you.