RE: cutting love handles
Unfortunately, there's no real good way to spot reduce. Agree that once you get BF down to 10% or less those guys will be gone.
One option for midsection "spot reduction" is Advant's Ab Solved. I've been using it and had some results (I think) with it and others have too. It's a topical DEHA.
But, mostly it's general body fat levels that will keep the fat there. In guys, our bodies tend to store the last pounds of fat in the midsection.