Chris, I think the ZR-7S is a great value, no question. I am not crazy about the loks of Givi bags. I would like to ride a ZR-7 with bags to make sure the handling is ok. Givi bags have il-effects on VFR's. some other good options for 7,000 or less are ZX-6 (not R), used VFR's (98 and newer) and the YZF600. Even a used Concours is an option is you realy want hard bags and want to travel alot.
Today there are many great bikes out there most of which make or can be made into good sport tourers.