No, "FAL16" is not its official name from Konami, its just the name I'm giving it until the game comes out. Also seeing how this gun doesn't exist in real life as a live steel fire arm.
BUT! It does share parts and similarities and basically a love child between a FN FAL and a M16A2, with a bit of AK/HK going on.
Until the game (or more news/media) comes out, this is about how accurate I can get it. (I also noted the M16A2 rear sight, but the cheapo base was actually a M16A1 and I had to improvise).
I basically just Dremel'd a lot of the cheapo M16A2, Frankenstein'd some pieces together, and made the FAL handguards along with the extended barrel.