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In my mind, if you own a PC, use Outlook, and live in a Verizon EV-DO area, there is no reason whatsoever to buy the 650.
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If you're looking more on the multimedia side of things, then 650 might be the better option. If your usage is more internet, then definitely the 700w is the way to go. Makes you wonder why they left EV-DO out of the 650. Perhaps, they purposely left it out to give the 700w a clear advantage. And yes, EV-DO is a clear advantage to the 700w.
-Chris