Some are saying it's a soft-reset, others are saying it's a hard-reboot. Well, what does everyone think of this, 7 months in?

I am really tempted to pick up Savage Wolverine 1-7

I don't think so. It's just a relaunch as far as I'm aware.

A reboot traditionally means to restart, reset and so on, and in comics the New 52 would be a good example, because although many things were similar and familiar, it's purpose was to allow creative teams to recreate, reestablish and redefine many characters. That this was all done at the same time across the company would qualify it as a reboot. Much continuity was discarded, altered, character connections dropped or altered to fit a new vision so on.

With Marvel now, I would say its not a reboot because no continuity was discarded, older characters and teams were just moved around and put in new teams or books/titles with new creative teams, and or given new directions. All the continuity is the same, all the character relationships and connections have the same history behind them, a few characters got new visual looks, but mainly due to established and built storylines. Marvel effectively got to have their cake and eat it. Relaunch maybe a better term for Marvel Now. Or Gigantic Creative Team Mix Up, a GCTMU.

Oh and as far as SAVAGE WOLVERINE goes, the first story arc is issues 1 to 5, and issue 6 starts a new story arc, so you might want to get either SAVAGE WOLVERINE 1 - 5 or else you will end up with two issues of a non related story. That being said JOE MADUREIRA is on starting issue 6 and Spider-Man and Elejtra appear and ZEB WELLS is writer so thats good incentive to keep buying ^_^

Thanks mates, I just finished my undergrad, so I hadn't had the time to keep up with the subtleties. I was hoping Marvel would reboot the universe so I could take it easy during school. I'll just buy the relaunch for Wolverine, I SWEAR.