I have and love my 700.
Aside from the 12 string sounds I find all of its sounds authentic and responsive. The bodys simplified cosmetics may not conjure up the visual magic of being a rock star, a phat jazz cat or a ten gallon tele twanger, but it gets the job more than just done. In fact, the only people who seem to notice what Im not playing are other guitar players who probably werent gonna like what I was playing anyway. It is my main guitar. Having said that I imagine that the next generation guitars are much better. When I playout I still have to bring out a 12 string electric and a Les Paul as back up but I tend to guit swap anyway. For the dollar difference I choose my 700.