I just bought a PRS505 last week and I'm loving it. If the 700 was available in Canada immediately I'd probably be bummed out, as having search would be a totally great thing, but since it's not available in Canada, I'll be happy with the 505 for awhile still. :-)
Although I assume it's completely trivial to get the American version of the reader in Canada... does anyone know what the return policy is for ebook readers in Canada? I checked the SonyStyle.ca site and it's not listed:
http://www.sonystyle.ca/commerce/ser...g_returns.html