I finally committed to a bike build. I got caught up in the Rivendell philosophy and my original plan was to build this bike up with a very upright riding position (check out the bars still on it!) and fat tires. After riding it a bit that way I've decided to make the bike more aggressive. I'm not really into casually riding around, I like to push it and go hard and fast!
I plan to change the 700 x 38c tires to something in the low 30's, replace the ridiculous rise handlebars with something in the 30-50 mm range of rise and maybe replace the Ergons with the variety that have bar-ends attached. Long-term, I will have a custom wheel set built (I'm a super clydesdale), replace the 7-speed cartridge with an 8 or 9 speed, finally decide on shifters (using cheap friction thumb shifters for now) and get the frame powdercoated. Unless I get bit by the distance bug, this will probably be my only bike for years to come.