The A700 is by no means a new camera, having been launched in October 2006. It is currently available at a very good price point, however - around £80/119Eur/$157.
The A700 is aimed at the home/first time user, and for this user the camera is good. However if you are looking for a camera to compliment your DSLR then this is probably not the camera you are looking for. I'll explain why, but first some specifications:
Specs
Sensor : 1/1.6-inch Super CCD HR at 7.3MP
Resolution Support : 3,072 x 2,304 (7.3M) /3,264 x 2,176 (3:2) / 2,304 x 1,728 (4M)/ 1,600 X 1,200 (2M)/ 640 X 480 (0.3)
Video Resolution : 320 x 240 pixels ( 10 frames/sec.), 160 x 120 pixels ( 10 frames/sec.)
Lens : Fujinon 3.0x Optical zoom lens, F2.8 - F5.2 - 8- 24mm (Equivalent to 36-108mm on a 35mm camera)
ISO Speeds : 100/200/400 via an Auto mode
Flash : Internal flash. Wide angle (Approx.1.6 -12.5ft.), Telephoto (Approx. 2.0-6.6ft), Macro (Approx.1.0 - 2.6ft).
Flash modes : 
Auto, Red-eye Reduction, Forced Flash, Suppressed Flash, Slow Synchro, Red-eye Reduction + Slow Synchro.
Display : 2.4" 112000 pixel Amorphous silicon TFT (around 91% scene coverage)
Storage : Internal 12Mb plus xD Card (16Mb one supplied)
Power : 2xAA
Usability
The reason I mentioned that this camera is more suited to the home or first time users, is that this camera takes the concept of KISS ("Keep It Simple, Stupid") to a whole new level.
The Camera has no 'manual' modes to speak of, and in its default power up state uses a quite competent auto mode. This can be overridden, however it looks like the Fuji engineers believed that end users wouldn't be messing about in the menus, and as such have spent very little time on their design and layout.
The point and shoot concepts of the camera work well; the zoom is easy to use, as is the display on the rear.
The camera is a little large in comparison to some of the other devices on the market (for example the Optio A20 which I reviewed earlier in the year).
Article comments
1 - Raoul
Hi Ashley. I liked your review, but I also wanted to mention that I dislike photos with prominent watermarks. I understand you were trying to brand them, but still, smaller watermarks or none at all would have been much better.
2 - Ashleigh
The watermarkes on the large versions of the images are a lot less visible.
Cheers
Ashleigh