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Buy 200 domains for $1800
Pay someone $800 to install wordpress on them and get them to basic setup with decent plugins and templates ready to go. Someone such as myself can do this with scripts.
Pay designer $800 to kick out the most basic of headers for the blogs.
Pay someone else $200 to link all of the headers and enter into headspace2 the main page title, description, keywords...
Pay $2500 for 700 blog posts. Go ahead and kick out 100 of your own as each blog is coming out of the assembly line adding one post to it and making sure all final touches are good.
Sure we went $1,100 over budget, but you will make that all back in no time...
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