The Remington 700P is a very nice sniper rifle for the money. This “Entry Level” rifle is quite capable of shooting .5 MOA right out of the box (.75 MOA is more common). This rifle has all the right features for the right price. It uses a HS Precision stock with palm swells and an aluminum bedding block. The actual action and barrel are the same that are used on Remingtons varmint rifles, with the difference mainly in the stock. Packaged combinations, known as the 700P Tactical Weapons System (TWS) can be bought from the factory and includes a carrying case, Harris Bi-Pod and a Leupold Veri-X III 3.5-10x Tactical Scope with Duplex reticle. The package has some other goodies also.
The 700P (and its variants) have come to be the standard for police agencies. Remington has been introducing new models also, including the LTR and others. The LTR was designed as a lighter weight, compact tactical rifle for urban situations. It has a 20″ fluted barrel and a slimmed down stock. Accuracy is about the same as the standard 700P, but you will lose some velocity with the shorter barrel. Technically, Remington only sells them to law enforcement, but the rifles are available through various distributors to civilians.
Update: The 700P has been modernized and we are will have a full review soon.