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...and I don't plan on getting rid of it, I have to agree that I think you're better off going with the new 10/22 take down. I've heard nothing but good things about it, and while it's take down size is still a bit larger than the AR-7, the advantages of the 10/22 platform make it worth it. It also comes with a nice carrying case.
http://www.ruger.com/products/1022Takedown/models.html
If you ask me, your best bet would be to get both! 
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