I've done online research into both of these cameras in the last couple of weeks as well, and decided on the A1 over the S7000, even tho the A1 was slightly more expensive.
From what I've read, the only thing the S7000 has over the A1 is the resolution - in almost all other ways, the A1 seems better.
Try the feature comparison function at dpreview: Side by Side comparison
From here, the A1 features win it for me. Fairly similar, but A1 has a few extra:
7x zoom (compared to 6x)
Anti shake
up to 30sec exposure, plus bulb (compared to 15 sec+bulb)
Down to 1/16000sec exposure (compared to 1/2000, 1/10000 in manual sec)
Time lapse recording (this looks like fun - set camera to take pics at intervals from 30 secs to an hour, and to start anytime up to 24hours away).
Tiltable LCD screen and EVF.
Of course, the S7000 has a few benefits as well - higher resolution, ability to use XD card, USB 2.0.
So - for me, the US$60 extra for the A1 was worth it.
Unfortunately, I cant give an opinion based on use as yet, because the camera is currently in transit from the US, I'll have it in a few days.
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