I have an Icom 706 MKIIG and I really like the radio.
Works good on SSB. Don't know about AM as I never used it on AM.
Good points are:
small footprint
removable faceplate w/ remote mounting capability
all mode operation (the 'G' version has 70 cm band, earlier units did not), which is great for a Tech license since you can work 6m and 2m SSB DX.
good TX and RX audio
simple mods to expand TX
bad points are:
2 antenna outputs, HF & 6m, 2m & 70cm. you need to use an antenna switch to switch from your HF antenna to your 6 meter antenna
hard to add a microphone since it uses RJ-45 or 11 connector
price for new are now close to $900, I got mine new for $600 a few years ago. Worth $600, not worth $900.
In all, it is a well made radio and excellent choice for a newly licensed operator, as well as an experienced operator.