For those who have the TM700, can it shoot frame-by-frame (stop motion) video?

Thanks...Alan

yes and no.
You can't seem to do individual frames, but you can set it to record once every second, 10 seconds, 30 seconds etc.

It also has a rapid-fire feature that will record a number of images in a row to shoot a sequence of stills. I think it'll do up to 30 or 60 images in rapid succession. If you want the exact specs, check out the manual.