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Americans went through a "Magnumization" phase. Roy Weatherby and his ultra- high velocity cartridges lead the charge. The "ultra" mags, the short mags, the super short mags. The "little" hornet was even magnumized with the advent of the K-Hornet. Americans generally want the "newest' offerings and many see the Hornet as archaeic. The .222 Rem has suffered as well. Both the Hornet and "triple duece" are known for extreme accuracy, but less than stellar velocity (by modern standards).
There are, of course, exceptions to this trend like the resurgence of the .45-70, .44-40 and some of the other older cartridges partially fueled by the Single Action competitors.
In life, strive to take the high road....It offers a better field of fire.
"Robo is right" Fuzzball