It's simply a semi auto version. It wasn't marketed as select fire and wasn't the product of a ban. In the US you can still buy M16s.
Is it safe to assume you're not a fan of semi auto rifles and agree with the ban?
I'm not going to get use to it. The AR needs to be unbanned.
I'm sure the Renegade is fine although the name is off-putting.
Renegade: "a person who deserts and betrays an organization, country, or set of principles."
Semi autos are fun! But on the one hand if I needed "terminal ballistics" then the 7.62 NATO cartridge would be a better choice, out of eg an AR-10, while on the other hand if it's just for plinking or scoring holes in paper then a 10/22 does the job quite nicely (especially when paying for the hundreds of rounds of ammo a semi can eat on a good day at the range). The AR-15 occupied an awkward niche between the two, especially considering its former restricted status. Still, I had one, and I'm in charge of a lower receiver until further notice.
My understanding is that NATO's first try at assault rifles involved the 7.62 cartridge, they found full auto recoil excessive, and went back to the drawing board for the 5.56 round, which is otherwise a coyote-plinking caliber. By that reasoning the military has good reason to buy lots of 5.56, but if you're picking up something without full auto then the 7.62 wants more consideration. So if I was picking up another MRA product I'd look more to the Maverick.
The Renegade will drive you to tears if you really wanted your AR-15 back and you're directly comparing it as a substitute. Far better to go for a niche the AR-15 wouldn't be filling even if you could still use it, so either long-range rifle (longer barrel and bigger scope than I'd ever put on my AR) or maybe as an NR short-barrel plinker. Could be good on coyotes!