FullAutoguy,
I don't know if this will help, but, we run our normal full backups for baremetal or SHTF purposes using Veritas. In addition, I have 400G of ATA SAN space provisioned for ExMerge PST dumps of all the mailboxes in the stores every night. This gives me a quick and dirty way to restore messages quickly from individual mailboxes without having to restore an entire mailstore to a recovery server, without having to deal with tapes, and without having to deal with running brick backups within a backup product.
With the low cost of storage these days, it's a nice thing to have.
I run it for all the mailboxes, but if you were only looking to protect a few then obviously you wouldn't need a whole lot of space. You can just set it up in a scheduled task with a script that calls your ExMerge.ini file with your options and you're good to go.
ETA: Just realized you said 2007. For this you'd use the new Export-Mailbox cmdlet, same idea though.