I was doing a live concert just a few weeks ago. CF (8 GB Sandisk, the best) had write failure, about 20 seconds missing, as the machine was configured to keep on going and it started a new file on the card.
Me happy: I had a 722 writing to HD, perfect file there...
If you want to be double sefe with SD702, you need to run an external HDD from firewire, which means mains power. Forget portability.
You pays your (little) money, you takes your chances...