Nice...a canadian (i presume from your name) makes good. Now, as long as you aren't interested in macro, you're in good shape.
I disagree with the macro comment. Biz Econ = Econ + $$ + a few MBA classes (presumably, so you can learn to teach them). Other than the MBA classes I just mentioned, the coursework is the same, and you can have your adviser at either the b-school or the econ dept. Some have had Barro, Mankiw, Laibson, etc. as advisers or on the thesis committee. Also, the econ dept. doesn't make a distinction between Biz Econ, Econ, or PEG when ranking students for the job market or devoting resources to place them. Whether macro is your field (or even if not), Harvard is a great place to be.
I'll post my full profile with all the decisions once the "season" is over. I've been working towards this for many years now, and would love there to be an updated version of econphd.net's decision tables for people looking towards this career path.
Attending Harvard Business Economics in Fall 2007

Yes. It is true that there is no difference in treatment. Professors in the econ department don't pay attention to the title of your program, only to the quality of your papers and ideas. The econ track in PEG is the same as straight econ except you have to take 4 govt classes. You are pretty much free in your choice of an adviser once you pass your qualifying exams. Hope this helps.
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