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A new feature that was just added to Battlelog (You must login or register to view this content.) is the ability to change your loadouts for all class and vehicle types. Check the video out below. And yes, the also works for consoles.
(UPDATE: Seems a bit buggy, doesn't refresh your loadout, needs more testing) From what I've read this option is only useful for setting up your loadout upon first startup of the game. It won't change it during, after, or in between rounds.
Grr. Beat me to it. Anyways its a nice feature although it is a bit buggy. One more I noticed is the M16A4 and M16A3 are the same gun. On battlelog they are tracked as the same gun but in the loadout I can only choose the M16A4 not the M16A3.