Easy to Explain, Hard to Understand...
GunTech, the interest in the M1 is because some knowledgable folks have experienced some impressive performance from both the caliber AND the carbine. By my understanding, the oft-repeated stories of .30 Carbine rounds "bouncing off" Korean winter clothing is popular hogwash. And there's NO 9mm load out of ANY length barrel that's gonna' match it. A close friend was an early Special Forces Advisor in Vietnam ('67-'69). He was a BIG fan of the M1 Carbine & said his "Tiger" unit preferred them to AKs, Greaseguns, Combat Shotguns, etc. The weight, availability, mag capacity, effectiveness & reliablity seem an ideal platform from which to now build a PDW.
With substantially more power & range than any modern, conventional pistol-caliber carbine (MP5, etc.), a proven action & great handling, I can't understand why someone hasn't "modernized" a weapon based on the M1 Carbine in the same way that the M14 has been "modernized" from a retired, parts-bin warhorse into a modern, mainstay battle rifle capable of filling the long-range power gap left open by the 5.56 M4.
The idea of taking a new Auto Ord M1 barrelled-action & starting from scratch to create a newly designed PWD just somehow makes SENSE to me. Maybe a suppressed bullpup or SBR setup with combat light-mounting capability. Keep the weight below 6 lbs., keep the price below $700, and have some fun. (Okay, okay...I KNOW the budget get busted in a hurry when we start adding suppressors)
Oh, by the way, that's one BAD A$$ Shotgun you've got there.