Back in the day it seemed everything was getting necked down to .22 for some reason. .32-20 became .218 Bee, .30-30 became .219 Zipper, .357 became .22 Jet, .222 became .221 Fireball (but that does have some merit if used in short barrels as a means to reduce the case capacity to improve performance) and even today we have the .22 TCM, which is a .223 shrunk down to fit in 9mm 1911 magazines and does get some impressive velocity from a 5 inch barrel.
Very few have really offered anything more than what was already available. .22 Hornet had been around since the 30s and could do a lot, but if you wanted the bullet heavier and be faster, the .222, .223, and 5.56 did that.
The appeal of forming a common case down to accept .22 has been around for a long time and it was a novel idea back in the day, but today it's rather silly considering what else is available. Really, the only thing that hasn't been tried that would be interesting is necking 9mm down to .22 and that's solely because of all the 9mm brass available at every range.