If you guys are thinking about the VX-7R and are thinking about buying a new one, I would seriously consider the VX-6 or VX-3 instead.
The main difference between the -7 and -6 is that the VX-7 can do 6m, which in a HT is not a major thing (I've used 6m on my HT maybe 2 times and that was just to see if it worked). The problem with 6m on an HT is the antenna length, it's either REALLY long or REALLY inefficient. The stock antenna is mostly loading coil on 6m and works OK in town, but it's not gonna win any DX awards. As it is the 'good' antenna I use is designed for 2m/440MHz (it works OK on 220MHz, but it's no good on 6m) and is about 15" long. It's a Diamond SRH77CA, not a super heavy duty whip and it flops over with the radio at an angle, not to mention it looks pretty out of place on the small radio. An OK 6m HT antenna like the MH-510 is about two feet long and has a coil at the top, it is really unbalanced to the point that the radio won't stand up with the antenna on. If you have the radio on your belt, the MH-510 will smack you in the back of the neck, it's really awkward.
The VX-6 does 1.5W on 220MHz, while the VX-7R does 300mW (1/5th the power). When I bought my VX-7R Yaesu wasn't even calling it a quad band, but a tri-band 6m/2m/70cm, didn't even advertise it being able to do 220MHz.
The VX-3 is 2m and 70cm only, but has a better broadcast AM and FM receiver. That might be nice for hiking. It's supposed to have the best receiver of the Yaesu HTs. The only downside to the VX-3 is that it does not have a DTMF keypad (you could do DTMF with an external mic). But for me the reason I have a HT is for taking in the backpack and it's nice knowing the radio has the ability to do LiTZ without carrying the extra stuff.
Seriously, I would look around and see how much cheaper the VX-3 and VX-6 are before committing to the VX-7. IMO the VX-6 is the way to go. Just my $0.02.