I'm pretty much in the same boat. I've been lurking on this forum the last couple of days and glad I have, I was all about getting the 700 when it became available but after reading the posts here I'm leaning more towards the Kenwood DNX5120. The 700 seemed like it was the answer to my prayers, does everything I want it to plus having a really nice UI but now I don't really like the idea of spending almost $1000 to be a beta tester.
My priorities are pretty much the same, good quality GPS navigation and XM satellite radio, everything else was icing on the cake. ipod connectivity is re
