I went to the Verizon store at a local mall today (oh, the joy, those places rank even lower than the dentist and city hall IMHO,) and exchanged my 700p for a new one. I'm really hoping this one does not suffer from the freezes that my last one did while in the phone app. See this thread for the details:

I have come to LOVE this phone--it fixed every problem I had with the 650 and the fast internet is icing on the cake. The hardware I received today is identical in every way to my previous one. Same bluish keyboard, bluish screen and solid buttons. Preliminary results are in and I think I have a winner...no lags so far. But only time will tell. Fingers crossed!