Received my Loopwheels a few weeks ago and have been working with my LBS for a suitable host. Wanted to go with a rigid MTB frame, but the BB height has been a major hurdle. LBS employee had this used Giant frame that we worked up.The cranks are adjustable(two mounting spots for the pedals) and I have the pedals on the shortest, which is about 130mm. Shorter than I'd like... I'm thinking of going with a spare, straight 29'r fork I have in the garage; it'll raise the front end over an inch.
The wheels came with nice commuter tires, but I went with the Hookworms because I wanted that fat tire look, and needed to find some extra BB clearance. I think the hot set-up for these wheels, for my purposes, would be a conventional fork version of a Hooligan. If the short cranks end up bothering me too much, I might buy one of the $200 Alton mini-velos to try out.
I've only done two short rides, so can't give an in-depth ride report. Will do one in a few weeks. However, just on these short rides, I can say the wheels are very different & effective. With regular suspension forks, you can feel specific hits and the corresponding straight up & down action of the forks. With these wheels, the bumps are just very subtly smoothed out, with no jarring motions. Wheels aren't cheap- they were $1200 delivered. $200 of that was shipping & import taxes. I'm not wealthy, or a hardcore cyclist, so this was quite a splurge for me. However, I'm really happy with them. If you break down the features, they sound a little more reasonable; come with f/r brakes, an IGH, quality tires/tubes mounted and f/r suspension(50mm of travel). Just adding good f/r suspension to a 20"-tire bike would be significant.
So.. here's my other, 20" mini-velo MTB.