Yep, big step up.
And I almost hate to say this, but your best play on the Ross is to take all the Arabesque bits on it, clean them up and sell them on the big auction site, where they are worth a lot more than your bike is on your local CL. I have the same Ross with the same bits, and I never ride it because it's my second worst bike, but I know there's going to come a day when I finally scrap it.
What am I going to do with that heavy, crude, unlovable frame?