Seems like a reasonable way to rank cartridges. The other variables (barrel material, flame temp, etc) don't matter as much because you don't necessarily care when you just want to figure out "which of these is more likely to last longer?".
As for the military, I'm staring at some old data that shows a 30,000-35,000 round life from a 7.62mm mini gun fired in 500 round bursts with 10 seconds of cooling between bursts. Of course, that's a different kettle of fish, but shows you what some exotic barrel liners/materials can do. (For comparison, a normal chrome plated cro-mo steel barrel lasted about 12,000 rounds at about 1/8 the cost). I don't think it's an unattainable goal at all to develop a rifle barrel that will hold 2 MOA or so for 20,000 rounds of .300 Win Mag.