Indeed it is. And after a couple of hours in the Pcad bike bunker to dedorkify the rig (reflectors, spoke protectors, etc.), change out the silly tires for real MTB tires (what do you expect from a bike weenie from FL like Mikey?), swap out the stem for a longer one, add my seat (although the seat the Fly came with is actually light and seems comfy), throw the bottle cages on, add the bar ends for Pcad comfort and hammerability, and voila:
The bike barely fits me with the longer stem and the seat 1" past the min insertion mark; Pcad lives dangerously. But it does indeed fit. I thought it would be tight, similar to my old MTB geometry, just shorter seat tube. Initial ride impressions up and down the upper slopes of Mt. Doom here in the rain: just what I had hoped for. 3 lbs. lighter than my Jamis 853 steel hard tail, but more importantly, NOTHING feels like Ti. I bombed around a bit, the bike tracks like a laser beam, climbs like a rocket, rides super smooth. It's hard to F up Titanium, and this frame is VERY impressive indeed. This bike was a friggin steal @ $1900, and @ $2500 it would still be a steal weenies.
I'll have to get it into the woods. If I don't kill myself, I will post further impressions here. But so far the bike does appear to be all that. Thanks Mikey.
P.S. Shifts fine, all parts seem properly installed by BD, I need to get it to my LBS to adjust the disc brakes, set up the Rock Shox fork and get those stem spacers right, I screwed that up. I may be less ******** than the typical BD customer, but not by much. Doing the minimal assembly and parts swapping this bike required pushed the pathetic Pcad Mechanic Envelope.