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I expect the reason for no UMS is that the processor isn't fast enough to encode at high bit rates (above 96kbps) and still have time to write to flash memory in FAT format. That was the limitation with the IfP-799/899, and I believe that the F700 uses the same processor.
The F700 is available from at least one Ebay seller and through Akinaiblog (Netsenger), but definitely not for $130!
As mp3 players go the price is out of sight, but as flash recorders go it's quite reasonable. At $130 it would be unbeatable. However, if Iriver ever decides to offer it in the states I expect that the price will be closer to $200.
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