You must be Canadian. We don't see many Mieles here in the US. If the bike fits you well and it is a major improvement over your current ride I would say go for it.
I would, however, try riding at least one bike with drop bars. The ride posture may turn out not to be for you, but I would at least give it a test ride. They tend to be a bit over your price range, but cyclocross bikes are an interesting choice. They seem much more like actual hybrids of road and mtb. bikes.
Last edited by barba; 06-07-06 at 10:08 PM.