First (and only, sadly) prototype was build in 1990, tested at Rzhevskiy proving ground (i live near it) in 1991, which it passed pretty well. Vehicle (well, turret) was developed by Leningrad Kirov factory design bureau (currently JSC "Spetstrans") Because of collapse of Soviet Union this project was abandoned. One of reasons was that main gun was "Burevestnik" design bureau creation, which collapsed shortly after USSR case to exist. It means that Gorbachyov killed this vehicle. Thanks, Gorbach!
Currently this tank is localted in Kubinka, in running condition BTW. Main designer was Nikolay Popov.
Object 292, as you see at photos, had a new turret. This turret could have been mounted on existing T-80 hulls without modifications to hull (Object 292 is just usual serial production T-80U with new turret, literally). New Mechanical autoloading mechanism was to be build for it. Turret had special Abrams-like bustle for ammunition, similar feature you can see on Ukrainian T-84-120 Yatagan MBT and, AFAIK, Oplot-BM.
Engine was 1250 HP GTD-1250 T-80U engine. 152 mm main smoothbore gun was only a little bit bigger than 2A46 125 mm smoothbore gun, but it had much better overall perfomance.
This prototype was clearly a transitory solution between so called "3" and "4th" generation tanks.