ITs a slang name that premoters like to use "NEW"
the previous answer was well written and I would agree.
Most people that use the "NEW" are hunters that want all the advantage of a bolt action gun with better trigger actions (they think) more reliable firing (they think) and better capability of killing deer (they think).
Its kind of like golfers with titaniam clubs and all that crap, ifs its new its better. and also a lot of crap.
Its the shooter not the gun in most casses. being a triditional black powder shooter, I have no use for the new guns, but I am a shooter not a huter. If I was and all I cared about was food on the table, I would probably have one.