If I'm a 725 FICO, will the subprime fiasco hurt me?

If you have an excellent credit score you will probably not be too affected by the difficulties in the subprime market. But you should remeber that all banks have been hurt by this and will therefore tend to be more cautions. Thus you should allow a little extra time for your approval and not take it too personally if you are turned down Another bank will probably not have any trouble with your application in the least.