The smaller spacing between transistor (22nm is spacing) means lesser room for error. Heating by continued usea, slight fluctuations in current etc can cause outage. If the spacing is large, there is more room for error.
No, the latest is 14nm chips. But even these are not fully developed. 22nm is the fully developed technology. 10nk, 7nm etc are simply dreams and are only technology demonstrator projects.
bali78 is working in that field i think.,..