I ride a Masi. The Speciale frame is very robust, and is basically road geometry, if that is what you want. It gives a comfortable and responsive ride, though I would prefer the lugged version aesthetically.
For the price, however, the Ultimate just does not seem worthwhile. The parts are not bad - but they are not what I would choose if I started with a frame. Likewise, the frame itself is not the best bike for the dollar at that price point.