I just got my F700BT as well.
I got the blue-dot package, so no need to update the FW.
I'm going to bypass the unit, moving and grounding the mute wire. I'm also grounding the Parking brake wire. I have the VSS connected, and the reverse wire connected.
I mounted my microphone in the driver side pillar trim, so it's out of the way. I will finish it all tonight, woo hoo!
Good luck with your install. Post thoughts here so we can compare notes, ok?
carcass