So stormtrooper rigid plate armour can stop bullets, fair enough, but no matter how effective that armour is at stopping projectiles, if a rifle grenade goes off near a stormie, the concussive force should surely at the very least incapacitate the guy inside the armour, and more likely rip a few limbs off? I know the shrapnel is the more deadly part over a wider area, but still...
It'd still go with an M4 comparison. That is also a carbine that front line troops are issued. Neither the MP5 nor the MP7 are for front line troops (though with the MP5 I'm leaving myself open because yes they're used by special forces but generally for anti terrorist work, not on the battlefield). The MP7 is for rear area troops for whom carrying a carbine like the M4 is inconvenient.
AFAIK, the MP7 is really more of a large machine pistol, like a Mac 11 or something, I know you CAN extend the stock and use the vertical grip, but its still a machine pistol at heart, especially with the 20 round mag in instead of the more cumbersome 40 round version. Plus, the size of the actual body is quite a bit shorter than an E-11, or indeed an MP5. I've also yet to see a scope mounted on an MP7 (not an RD), while scopes are frequently claw mounted on MP5's, similar to the scope found on E-11's in fact...
I actually hadn't noticed anyone ever holstering an E-11. I know that the stormies seen in ANH do have holstered weapons, but in the Visual Dictionary photo this weapon isn't an E-11, its some form of smaller weapon, actually none too disimilar to an MP7! If you'd care to point out the part where the E-11 is seen holstered, fine, but I would think it highly impractical to do such a thing (I'd never be able to holster my MP5!).
Having also handled an M-4, the weapon is quite a bit bigger than the MP5-A5 (in relative terms), and although a carbine, is much closer to a rifle than the MP5 is. As a weapon, its also much bulkier.