Really? Dual-receive, indeed. And will perform crossband repeating. But I can transmit on one band and simultaneously hear myself on another with a FT-8800?
Yes, the FT-8800 will let you transmit on one band while receiving on another. Having separate volume and tuning knobs for each VFO, something that similar radios from the other manufacturers lack, make it nice for FM satellite work. I had one earlier this year, before leaving it in Mexico as part of a complete FM satellite station (one I might use on a future trip, if I didn't haul my own gear).
If I had to replace my IC-2720H, I would probably get an FT-8800 as the replacement. Price is good, better than the IC-2820H which was Icom's replacement for the IC-2720H, and the separate knobs for each VFO made it a better (for me) choice than the current Kenwood 2m/70cm FM mobiles (TM-D710 or TM-V71A). And, as Drew mentioned, its ability to function as a cross-band repeater ensures it can work with the satellites in cross-band full-duplex mode.
73!
Patrick WD9EWK/VA7EWK http://www.wd9ewk.net/