Well consider me a part of the cult. I ended up purchasing the CAD2 for my girlfriend last week. She fell in love with the bike immediately. For what I paid ($280) I think I got an incredible deal. The bike is super clean, it functions like new and the scratching on the frame is minimal.
The guy told me "shinamo components" which was vague and I didn't expect much (maybe sora or another low end set)...He showed up and it was a full 105 set! He let me keep the two bottle cages, cateye computer, toe clips and a nice serfas seat. I was surprised by the weight...22.4 lbs with all of those accessories (only 2 pounds heavier than my '10 felt f95 with about the same setup on it)
I didn't experience the stiff, unforgiving ride some of you and some outside reviews had mentioned. Maybe it's the combo of the nice Mavic rims (can't see the model, most of the sticker has come off) and the cushy seat, but I think it feels great. The bike shifts like butter (surprising for old indexed dt shifters) and handles on a dime.
Best of all, my girlfriend will go out on long rides with me now! Anyways, as you can tell, I'm really happy with the CAD purchase...hopefully she'll let me ride it now and then.
Enough talk, here are some photos. (terrible quality, I apologize--I can't seem to find reasonable lighting in my studio dungeon apt.)
The red bar tape is atrocious (going to buy/install some black when I've got the time) I kind of like the red tires, but they don't have much life left in them. Otherwise, I don't think much needs to change about this bike.