Well, not COMPLETELY, and there's still a fair bit of red around the bb...this is the Nishiki Modulus that I got on Tuesday. The guy had painted everything pink with red spraypaint, (because he felt girly riding a bike with pink) and as a result, the entire bike was flecked with red, including the crankset. I didn't take it apart, but I wiped out as much red as I could from the chainrings.
Aside from the hideous paintjob, it seemed to be in fairly good shape, until I got to the pedals. The drive side crank is partially cross threaded, so the only pedals I had that would fit it (as the original had eaten its bearings for supper at one point) is a set of old Raleigh pedals that have threading just a scosh smaller than the 9/16 threading. I've already put an order in for a Park pedal tap and I think I'm going with standard touring pedals. Doubt I'm going to put toeclips on this bike - it's just too damn fun without 'em!
Also, it's been a while since I've ridden a bike with anything higher than 48X14, so the 52X13 on this thing makes it feel like a rocket ship! I am having some troubles going from 175 back to 170 though. Eh, I'll get used to it.
So, it's on the road. Things still to do - pink/blue bar tape (harlequin style - shellacked), and a white saddle. I also need to keep cleaning the brake hoods, as they're nasty brown and sticky (the little I have cleaned, it looks perfect underneath the funk).
I've also decided that I really, really, really like biopace.