I found a report and some artwork of the Team 1992 of the Naval Postgraduate School - Total Ship Systems Engineering on how an affordable future frigate for the US Navy might look like. They named the ship the Regional Deterence Ship (RDS).
Web link to a paper written by Team 1992 of the Naval Postgraduate School dated June 1994:
http://www.nps.edu/Academics/GSEAS/TSSE/docs/projects/1992/rds2010.pdf
Web link to a paper written by Team 1992 of the Naval Postgraduate School dated June 1994:
http://www.nps.edu/Academics/GSEAS/TSSE/docs/projects/1992/rds2010.pdf