First of all, thanks to Paul, Praetorian & others for wishes.. I am just getting back after the hangover..
now contemplating on the issue of retaking after a 700, I absolutely agree that it is a decent score for many schools.. Well roundedness of the overall application is what matters most...
But am surprised by something JD pointed out.. some schools (like Wharton, though not that am apping to W

) might reject on the basis of low verbal score itself (67%ile for a 32 scaled score).
Any other leads on this happening in the past.. as to some schools looking for sectional scores rather than the composite score .. Would love to hear that.
Also, isnt a retaking after 700 itself a testimony to the fact that applicant is trying to overemphasise the GMAT score's weightage in application (if the average gmat for the school <= 700). me thinks that would not go down well with some adcoms .. watchya say ??
as regards my verbal scores during practice.. it ranged from 32 (in Kaplan) to 44 (in Princeton) .. I definitely lost out because of timing & any other day,would have scored better on that verbal paper.