I was excited about the news too. The LCR is a great gun and now you've got six rounds of what should be an effective defensive cartridge in a small package. I too have the SP101 in 327 and just ordered a single seven, which is arriving today. I love the cartridge. It has lots of handloading potential too--can be loaded up or down like a 38 special and is, in my mind, just as versatile. I love 32 caliber guns in general. They're always a pleasure to shoot. I love shooting my ppk in 32 acp much more so than in 380. People might knock some of the 32 ACP offerings for defensive use, but if you can put 8 rounds on target rapidly, then that's going to be sufficient.
Do you know if there is a website dedicated to the 327 federal? It would be cool to have a forum/community of people who are into shooting and reloading the cartridge.