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I used a M7II for, what, 9 years. The camera and lenses are very small for 6x7, the lenses are extremely good -- all six of them. I shot it mainly with the 43, 80, and 150, on a variety of film stock and scanned on my Imacon. If you like shooting film, then you will love this camera. It's extremely easy to hand hold and the leaf shutters are virtually silent. IMO, if you're going to shoot film why bother with small format, shoot 6x7, 6x9, or get a 612 tech cam. 135 always felt like a waste of time to me.
On the flip side, while the camera is small carrying hundreds of rolls of 120/220 will take up a significant chunk of your luggage if you travel. You won't want to leave your film in a hot car while you stop for a bite somewhere. By comparison, digital is extremely liberating, and a D800E with a Zeiss 18 or 21 doesn't leave anything on the table relative to 6x7 film, in any way.
The M7 is tremendously well suited to handheld travel shooting, but is a fine landscape instrument. All you really need is an L bracket.