I finally had occasion to install 7.0-64 on a powerful machine. It's REALLY slick and chock full of awesomeness. Now I just need to get my favorite pieces of software installed. It looks like this will be mostly compiling from source, which can be tedious. I hope others will grab that ISO. Great job, VL team!
uname -a
Linux velocity.TEOTWAWKI 3.0.4 #1 SMP Tue Oct 4 18:40:14 MDT 2011 x86_64 AMD Phenom(tm) II X4 965 Processor AuthenticAMD GNU/Linux