Traveling at supersonic speeds creates massive amounts of heat and given atmospheric conditions it would not be uncommon to see "rings" form as the projectile passed out of the barrel and to its target. This all has to do with the humidity at the time when the round was fired.
To the fact that yes when traveling that fast is its very much possible to ignite the air around, infront, or behind the traveling object. As the round is traversing the atmosphere towards its intended target it both causes rapid compression and expansion which leads to spontaneous combustion of the air around the object. SuperSonic aircraft avoid this issue by making the craft as aerodynamic as possible with sharp lines and smooth edges that aid in spreading the pressure and heat evenly over the surface of the craft. This is why rockets and the space shuttle burned up on reentry. The angles and lines on these vessels are not as sharp and as such they generate a larger amount of heat because of the friction caused by rapid air compression. Not to say our supersonic craft would not burn on on re-entry either as anything that breaks our atmosphere is traveling in excess of 25,000 mph which creates massive amounts of friction.
Having some sort of burning object would be the optimal true to physics render, you could even put rings around the edge of the barrel to simulate the effect of the object entering supersonic speeds as it exits the barrel.
Edited by Neozero, 05 November 2011 - 02:10 PM.