FWIW - I've been using the BC-700 for about 6 months, and it's one of my better gadget investments. Initially I had many older batteries to condition, so the 4 bay unit meant it took an extra week longer to cycle them all thru, but no big deal. Now, I rarely have more than 2 to charge at a time, so the smaller unit is not a factor. Mostly I use the 500mA setting (the default is 200).
I was also happy with my 3 BC-900s until I discovered the meltdown reports*... Now I'm scared and plan to take some of the precautions suggested by SilverFox (of candlepowerfourms). I've already been using a fan because the cells got too hot during charging and the charger paused to let them cool. (This pausing is normal.) It may not happen very often and I've seen no reports of fires yet, but I don't want to be the first...
* I was helping a friend choose a good charger. She is buying a Maha MH-C9000...
BTW, the best charging rates are from .33C to 1C, where C is the capacity of the cell (Ref:
http://www1.duracell.com/oem/Pdf/others/TECHBULL.pdf). 500mA is .25C for a 2000mAh AA Eneloop. 700mA (.35C) is just barely adequate. A number of meltdowns have occurred at a 200mA charging rate so it does not provide safety. Lower charging rates make it harder for the charger to detect the end-of-charge and if the cell is severely overcharged, it will overheat and be damaged. (One of the theories floating around is that a low charging rate makes the meltdowns more likely.)
So I recommend that you charge AA cells (2000+mAh) at 700mA (1000mA would be better, AAA (800-1000mAh) at 500mA) and put a fan on the charger. And use SilverFox's safety recommendations.
I also invested in a dozen AA and 4 AAA's Sanyo Eneloops. Have found I use them almost exclusively now, given their the ability to hold a charge for long periods of time. Plus, they're very well constructed, so that creates an aura of reliability.
I buy my cells in groups of 12 because it divides down into sets of 2, 3, and/or 4. I probably have ~48 active AA cels and ~36 active AAA cells in a variety of types and brands purchased over the last seven years. Most of my purchases for the foreseeable future are likely to be Eneloops.
BTW, while Sanyo Eneloops appear to be a good brand, they have been involved in quite a few of the meltdowns. (I believe this is most likely the fault of the charger, not the batteries. Since Eneloops are popular among the more advanced users, they are simply likely to appear frequently in the reports.)
Doug