Both are excellent choices. I was in an identical position a couple of years ago, deciding between the .260 and 7-08. Both have pros and cons, here are just a few:
.260
- slightly less demanding COAL requirements for building or buying a S/A
- slightly less recoil
- smaller caliber bullets are usually cheaper than bigger bullets
7-08
- slightly better barrel life
- better availability of great bullets
- heavier bullets available for shooting large critters at distance (although both are perfectly capable, I'd give the 7-08 a slight advantage here)
In the end, performance on target and on game is nearly a wash, but in this case I chose the 7-08 simply because I have a much easier time finding good, slippery 7mm bullets than I do 6.5mm. When you go through a lot of them in practice, which you should if you're shooting game at distance, then sourcing them becomes a serious consideration.
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