Join Date: Feb 2006
Location: Milwaukee, WI
Bikes: 2006 Kona Jake, 2005 Giant Lite Xtracycle, 2004 Trek L200, 1997 Specialized RockHopper FS, 1989 Trek 950
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+1 on the Delta Mega rack.
There are lots of mounting options for rear lights. If you don't plan to use panniers, you might consider the left rear seat stay. If you do use panniers, the seatpost works well. I wasn't able to find any decent (i.e. more than 3 led) blinkies that mounted like a reflector.
Don't forget your front light. Anything is better than nothing when you're trying to be seen. A 3 led flasher or better on your handlebars is important at dusk or overcast/rainy days, and can be found cheap.
Nothing says "in good times and in bad" like a good pair of fenders