I ride an 09 Rush Hour. I'm under the impression that Reynolds 520 is very similar to, if the not exact same thing as Cromoly 4130. So keep that in mind when choosing.
As much as I like the bike, the only stock thing on there now is the headset, fork, and wheelset. I needed to experience the process of upgrading parts. If I had a choice now, I'd just go with a frame and build up, like I'm currently doing with my second bike.
But the Raleigh is solid, durable and very dependable with all of the various parts switched out. Also consider fork/frame clearance for wider tires, in case you ever want to switch up the ride. I'm going through that now and my Raleigh doesn't seem like it would fit 28-32c rear tires.