I got my wife a Rivendell production frame for Xmas. It's made from very nice Japanese tubing, but welded and painted in Taiwan. So the frame wound up being $600. They are prob more now. Sis gave her the rear hub, her boss gave her a chain, my nephew and his gal gave her a front brake. I spent roughly $1600. You could have a bike shop throw one together for you for about that much, but it wouldn't have titanium BB/hubs/saddle. And the brakes wouldn't be quite as nice, the front brake alone was $150. Hmm, I guess I spent more than $1600. And that doesn't count her saddle; if I had to replace that; it would be about 200 bucks now. That would hurt.
Anyway, the shop is wiring it up, the test ride is manana. I have my fingers crossed. I put everything I knew about bikes into this one.
Hope she likes it. I'll borrow my sister's camera and throw up some pics in a week or two.