700? is that all?
With the changes in points costs for troops in the new army book, I estimate my army went up about 2200 points (Total has to be close to 40000 now making my Empire army a 40k army!)
However, I suspect you have more painted than me, certainly a higher percentage painted. I struggle to find time to paint, and can't seem to get much done at a quality level I am satisfied with in that little amount of time