I'll take the plunge here...
I had a 2006 Moto Phantom Cross that I recently sold. For the money, I don't thik you could build or buy a better spec'ed bike. I sold mine because I over-bought. I had never intended to race it, but rather wanted a "do anything" bike that I would use both on and off road. The geometry was a little to aggressive for my level of riding. I ended up building a Cross Check that suits my needs better.
If you know your size and are comfortable ordering online, I think it is a great deal for the money. I received the bike in good condition and only had to assemble the brakes, attach the handlebar, pedals, etc. Nothing too complex to get it ready to ride. It is very light and I found it to be really fast (compared to what I was used to).