Personally, I have the Bushnell 7x42 Discoverer's. I think the Elite E2's replaced them. I like mine a lot. I now have enough money to buy a significantly better bino, but I'm not sure if I could tell the difference enough to be worth it.
I think the Elite's are supposed to be a step better than mine, so that would make them pretty good. I think Bushnell is under rated because they are willing to make $50 bino's also, which are crap. So, yea, I would say buy these with confidence.
When I bought my Bush Disc 7 x 42's the only other bino that got real focus from me were the Nikon Monarch 8x36's and 8 x 42's. Both agreat bino's in my opinion. I must be eye stupid, because at half of the Elite price, I think these would be a great buy. The key differences in my opinion are really refinement. for example, I like center diopter adjustment and good lens covers. I had to make my own lens covers!!! Elite E2's are also good glass, but maybe the frame is not as rugged or light as the Elite. I like the 8 x 36 glass because it is basically cheater 32 or 33 mm glass! Size wwill blow coatings out of the water if the binos are of decent to high end quality.
In summary, I think both Monarch and elites are good buys.
IMHO, at the $100 price point , $50 more can buy a lot of optical improvement. At the $300, it might cost another $300 - $400 to get as much imprrovement. At, $1000, I get lost in the details!!!