Ballistics?

As some of you may or may not have noticed. There appear to be ballistics in the game, but they do not work.

What I mean by ballistics is how the round you fire from your weapon interacts with the world. You’ll notice that in order to hit another player from the max range you can, even if he is moving, just place your crosshairs over him and fire. Even though you see the round strike somewhere behind him.

Are ballistics something that is being worked on that you know of?