In my opinion the Remington 700 SPS is a good buy for the money, if you plan on hunting with it. Let me say this, if I had to shoot a bad guy from distance, in order to save a hostage, I would pull my Savage mod 10 LE from the safe, but if I am going out for an all day hunt for dear or pigs I would take the Remington. I guess it all boils down to what you are going to do with it.
The Savage I have is a Law Enforcement mod 10. It is chambered in .308, and has either a McMillian or a H-S Precision stock(I dont remember which one it is). It also has a big heavy barrel and truly looks, feels, and shoots like a sniper rifle. I have seen it shoot a 5 shot group at 100yrds. that all five holes could be covered by a nickle. Very good shooting gun, i love the Accu-trigger. The bigest draw back for the Savage is that it is so heavy, I meen it is very heavy. I would not want to carry this thing around much.
The Remington 700 sps is chambered in 7mm rem mag. I have been so happy with this rifle. It took a while to find out which factory ammo it liked, but one I found out, I can shoot 1 inch groups at 200 yrds all day long. I have had the Remington for about 2 years now and have never had a problem. It has dropped every pig I have shot at in their tracks. It weighs considerably less than the Savage. The Remington cost a little less than the Savage, and I find myself shooting it more than the Savage. I have also become a big fan of the 7mm rem mag, over just a .308.
These are just my opinions and what I have experienced with the firearms I have, but if you are asking about a good hunting gun, then buy the Remington and you will be happy, but if you are looking to shoot wings off of flys, then go buy a Savage.