I used to be in a unit that used the M113 in the recce role. Having seen a door that was once part of the rear ramp used as a target, I would say that yes, given enough time anybody with a 7.62mm NATO machinegun will cut an M113 in half (excepting the drivetrain etc.) - because aluminium does not stop 7.62mmN, it'll stop small calibre projectiles and slow speed fragments but that's about all.
As for the Gavin name, it pisses me off as well - there's a whole bunch of dumbfuck media and civilians who are now calling it that and just adding to the confusion of identification. These same people are swallowing the crap that the M113 is the panacea to all the military's ills. The Gavin name has not been officially recognized, let alone adopted, by any military that operates the M113.
The person who gave it that name believes that the M113 should be called the Gavin because it is his notion of the perfect airborne combat vehicle (and as such should be named after a general deeply involved in airborne forces). Never mind the hard reality that all the modifications he wants to put on it will make it less and less capable as an airborne combat vehicle - try to make a single vehicle do everything and you end up with a vehicle that does none of them well.
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