On my local Craigslist someone has a 2000 Trek XO 1 for $300 in my size. The specs are: http://bikepedia.com/QuickBike/BikeS...%201&Type=bike . Notably, this is on a 8 speed RSX drivetrain, has an aluminum fork, and also the crappy cell pics on Craigslist look like it has 32 or 36 spoke wheels of some kind, not the stock Rolf wheels. The gold color on that year is cool though.
I plan on trying out cyclocross racing next season, and also will use the bike for mixed terrain rides (including some tentatively-ridden singletrack) and (at this price) a lower value commuter (as opposed to my Long Haul Trucker touring bike).
Assuming nothing on this bike is terribly shot, would this be a reasonable value?