I think the 7-08 is very near the "ideal" cartridge for North American hunting.
It's only downfall is cost of factory ammo.
Easily negated by rollin' yer own. Non-issue.
2,300ft/lbs for 7-08 is very low...
Factory ammo is usually 140gr and listed at 2,900 fps and, at least Rem Core- Lokt, reach that speed in 24" barrels.
That's 2,600 ft/lbs.
I'll second that opinion: I got 2,660 f/sec out of 140 gr Remington factory loads, with a 16" barrel.
I bought 3 different flavors of full power and two boxes of remington reduced recoil stuff. 25 bucks was the cheapest I got away with with the others in the 28-32 range.
Poor guy ..... I picked up 2 100 round boxes of "blemished" 150 gr 7mm bullets from Midway last month...... loaded them in front of 39 grains of IMR 4064 and a WLR primer in once fired brass ...... 11 cent bullets, 13 cents worth of powder, and a 3 cent primer...... 27 cents x 20 = $5.40/box of 20 ...... and then used them to brush up on my milk jug busting skills..... out to 250 yards, it was too easy..... I handed it off to Eldest, as her 30/30 was getting hot to the touch....