A couple of good reads here for you.
http://en.wikipedia.org/wiki/.300_WhisperSSK has some really good videos
http://sskindustries.com/300-whisper-%C2%AE
And just for clarification, the original 300 Whisper was based on a necked up 221 Fireball, not the 223 as is the blackout. Also the whisper is still considered a wildcat.