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I can speak on this since I had the Treo 700w since day 1 of its Verizon launch and have have had it replaced 3 times due to various issues, mostly due to hardware issues. After a week of discussing this with Verizon WDTS and CS I will have a new XV6700 on Tuesday (and return the unit I paid full retail for since my Treo 700w wont' respond), by the way the CS reps have been great and helped out all they could on this matter.
The Tre 700w (mentioned as the T7w) is a nice form factor but even I will say the screen is ok, but not great, apps are coming out daily but not fast enough. I will say the speaker volume is lower than I want, but I ether use my Moto IHF1000 HFK in the car or my HS810 BT headset so it doesn't really matter to me.
Phone wise to me its a huge step UP, not down. I live in the country with lots of hills and signal issues. The T7w would have calls with lots of static or frequently drop my calls until I was on the interstate. The XV6700 has more bars, better call connections and stayed connected where the Treo 700w would drop a call on the same route.
PDA wise, I did like the T7w phone integration and I have been visiting xda-developers site to see whats coming out for hacks and tweaks. I do believe they have the on screen speed dialing working from the T7w.
I like th landscape and the keyboard is nice too. I use the pda and phone each about 50/50 so its a wash. I can say the added memory on the RAM is a plus, but the lower useable ROM was ok since I can add the apps I need internal and on the miniSDcard and still have room.
I would say check out both, way your options and needs, but the phone does not suck from my use so far.
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