Totally agree with you there, except I would NEVER pay $1300 for something unless I knew(for the most part) how it's constructed. The panels are rated for 50,000 hours. You have to be sure you're going to get those hours out of them or you're paying for nothing, heat or no heat. One thing I may add laserbrn, is that ALL LEDs create heat. Most people believe LEDs create no heat, and this simply is not so. Anything running current through it will generate heat in some way shape or form. Where LEDs are good at managing heat is that the heat comes out of the LED from the top and not where the light is going. That's why nearly all of the panels have fans on top. Which makes one wonder, will those fans they put in those panels last 50,000 hours? My guess, no. So if you buy a panel without some kind of warranty you're going to be shooting yourself in the foot later on when your fans die.
Now I'm not sure how hot your summers are where you live, but it gets up to 110F here on the scorcher days. Luckily we don't have too much humidity here, but it still gets awfully warm. For $1300 I could buy tons of CFLs, a grow tent, all fans and ducting, a carbon scrubber, an a/c unit and likely all my soil and nutrient supplies. Plus, I REALLY don't see 700w of LED comparing to 600w of HPS. HPS works so well because it's HIGH INTENSITY. LEDs are not, it's a whole different ballpark. It's apples and oranges, LEDs and HPS are wayyy wayy different. So where you could put 6-8 plants under a HPS, I don't think that would be a wise choice for LEDs. They just won't penetrate like you want them to. Sure you'll have nice rock hard nugs on the tops of the plants. But that's it.
I think where the real LED power is at are the 5w and 10w diodes. Now those have some intense light output! The only thing with those ones is, you're going to create more heat for putting more amps into it. So it's really a tossup. Either way I hope you have success with whatever you decide to do
And I hope it also gets underway quickly! Ohhh the anticipation