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The Mogul's camera is a ton better than the 700wx which I can say from experience. Actually, many preferred the older VGA camera on the 650 because it took better pictures than the newer 1.3mp camera on the 700 series.
The 700wx and Mogul both have the exact same amount of physical RAM (64mb). The 700wx makes better use of the RAM than the Mogul. This is likely due to the fact that Palm released the 700w with only 32mb and they had to optimize the hell out of it to make it run with that. The 700wx was, for the most part, a 700w with double the RAM and some other minor changes. Since the optimization was already there, it did very well with 64mb.
The 700wx is probably one of the most stable ppc phones out there because Palm did a lot of work with it. The 6800 is still very new and has a lot of potential.
The 700wx has WM5 and will likely not get an upgrade to WM6 based on Palm's past track record. The Mogul already has WM6 and eventually people are going to figure out how to make custom ROMs which is something a Palm WM phone has never seen.
Both are great phones and have their strengths. If you want something that just works and doesn't need much tweaking then go with the 700wx. If you love to tweak things then the 6800 might be a better fit for you.
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