I researched it and managed to find a link of interest :
http://www.gpspassion.com/forumsen/topic.asp?TOPIC_ID=56866
FM TMC as of 7/07 was not as good as the XM transmissions. The XM transmissions for traffic seem based on traffic.com, and so (it appears) is the one used by MSN Direct. Therefore I would expect that the Nuvi 700 series (which offers MSN Direct) should be as good as the XM satellite transmissions. It would appear that the GTM service was behind the others.
This information is a year old. Any newer perspectives would be welcome.