DTC P0700: Read Out Electronic Transmission Control (Etc) Module (N15/3) Fault Memory: Notes
WARNING: This page does not describe the selected car, but rather 6 other vehicles, including the 2002 Mercedes-Benz ML320, 2002 Mercedes-Benz E320, 2002 Mercedes-Benz CLK320, 2001 Mercedes-Benz ML320, and 2001 Mercedes-Benz E320. However, it is still accessible from the selected car via links, so may be relevant.
NOTE:
This fault will set for 2 reasons; gear implausible or transmission leaking, or command valve jams in pressure position.