I'm with the "because I can" and "all legal purposes" crowd.
However...
Personally, I traded my 700 for a pile of AR and have built it up to do everything I could possibly need to do with it (SD, HD, simple Range Time, maybe hunting). I would not give it up for anything at this point.
It lives next to my bed. Personally, I feel way more comfortable with it than a bolt gun, as I used to have, if I needed to protect life and property. Not just in any self defense scenario (eg: home invasion), but also in "beyond all contingencies" scenarios and life as normal takes a break for an indeterminate amount of time (eg: post-Katrina type disaster, I live on the coast). God knows there are some questionable individuals out there who would take the opportunity.
All that, and I rather enjoy shooting and becoming as proficient as I can with it. It is terribly fun.


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