Now this s*&t;s cool and worth it.

[BrendenF11]

Cheap, effective (barring more tests), and what the troops need in the field.

http://www.defencetalk.com/new-raytheon-guided-bomb-completes-initial-flight-test-41382/

[Benda]

Cheap, effective (barring more tests), and what the troops need in the field

What sort of payload would it deliver out of interest?

[nastyleg]

Weapon weighs 15lbs, 22 inches so I am guessing about 25lbs of he.

[BrendenF11]

Which is perfect size for clearing a house, hitting a specific vehicle, targetting a specific person without having to level a city block with a 500 lb. bomb, or a hellfire. It will save troops lives when they can't get clearence to use that greater airpower, and instead of going in and clearing a house full of enemy troops they can just use this.