RE: Remington 700 vs Savage 110
I would go with the Savage 110. Savage's have a reputation for being accurate right out of the box. Their accu trigger is an awesome improvement over their traditional triggers, and a whole bunch of other competitors triggers as well. The scope is going to be cheap, but it will probably get you through a season or two.
Bottom line in my opinion is if you want a shooter buy the Savage, if you want to build a shooter buy the Remington and have some work done to it.