"Just saying the round still has utility,"
Yeah, you're not agreeing with me, then.
"The same thing happened to a rimmed 9mm cartridge; I think made by Federal."
The 9mm Federal cartridge. The true reason it failed, though, is that the gun company that partnered with Federal for the cartridge -- Charter Arms -- face planted in a very neat financial implosion about 30 seconds either before, or after, the 9mm Pit Bull revolver was announced.
Interesting thing about the 9mm Pit Bull... the 9mm Federal cartridge would have allowed the manufacturer to significantly shorten the cylinder, and thus the frame, of the revolver, making it a lot handier.
Only, they didn't do that.
They simply rechambered one of their .38 revolvers.