I ride one of these and have never had a problem with it. Ive had it for about 4 months and put a few hundred miles on it.
I know a lot of people said they have had problems with NYC bikes, so far no problems with them yet.
I did change out a few things on the bike. I added carbon fiber seatpost, tit. selle seat, profile bars, & cinelli stem. It takes a one hell of a beating so its become my everyday rider.
I just started doing Dealer Rep work for Fetish Cycles so my NYC bike may become my backup bike.