I think the idea of all the new short magnum and beltless magnums that have came out in the last 15-18 years is they headspace off of the shoulder instead of the belt. Supposed to be more "inherently" accurate. That's debatable from many shooting and reloading pros. Good selling point though. Another thing with these new cases as you mentioned are they hold more powder than most older cases as internal capacity is greater. Plus the powder technology is way better now than 20+ years ago. Powder is more efficient, cleaner, and consistant than it ever has been. And about every powder company and ammo maker has engineers mixing a pinch of this with a scoop of that and a touch of something else and shazzam!!! You come up with powder like Hornadys Superformance, or The new Enduron powders that IMR has and they burn cleaner, less fouling, lower pressures and more velocity as compared to the older powders.
About the action lengths. I think the gun and ammo manufacturers are trying to sell the new cases. They are shorter and can fit in a shorter, lighter action. But the case is fatter than the older case and holds more of the newly created witch's brew powder and thus creates a cartridge which in the right gun and with the right bullet, powder, primer and barrel length combo will be on average 150-200FPS faster than the comparable "out-dated" magnums. To me that isn't enough gain or benefits to justify running out and buying a rifle, brass, dies, which will probably total 1,000 bucks or more, just for a gain of 150-200FPS. Now if your new to the market and are gonna start hunting, then it would probably be worth it to have one of the new beltless magnums. But that is really up to the person and if they only shoot factory ammo, or reload their own.
I'm like you too. The shorter action and bolt throw isn't even worth mentioning. I don't know of one person who missed an animal or didn't get a shot because their action was 1/4 to 1/2 inch longer! And the weight savings on them? If the gun manufacturers are worried about a few extra ounces in wieght difference on a hunt, maybe they should not get the supersize meal at McDonalds and maybe loose an extra pound of body wieght. That would fix that! It's all ploys and marketing to get rifle and ammo sales going. Just like auto manufacturers, always making the newest, fastest, best fuel mileage car every year.
My thoughts are, if you already have and shoot one of the " outdated" magnums, pre-1998. I don't think it's really beneficial to spend alot of money on a new rifle, components just to gain a couple hunded FPS. No animal or target will know the difference in velocity. Now that being said, if you NEED to buy a new gun and have extra money burning a hole in your pocket or an empty spot in the gun safe that needs filled, i might look into one of the new ones. Just my thoughts and the experiences on this subject.