I have this '86 VF500F Interceptor
DSCN0731 by Sean Barney, on Flickr
Accelerates well, handles spectacular, I love it. Comfortable but still slightly aggressive ergonomics and the 700 is gonna be more comfy because it's bigger. There are several significant differences to the '85 700 in question but lots is the same. These V4's are crazy complex, but like most Honda's they are very well engineered. You will look at it and say "how am I ever gonna work on that" but amazingly it all comes apart and goes back together again like any other bike. That said, DON'T take the carbs off the rack. We are talkin' 2 downdraft and 2 sidedraft alternating along the rack, which doubles as half the airbox.
more and better info here
Earlier VFRs - VFR Discussion