Just starting a rebuild of my '94 Trek Mountain Track 850. It used to be some sort of ice blue/green color. A friend and I completely stripped it to bare metal. I had thought to leave it that way, but weather in Seattle being what it is, decided to put on some coats of rattle can gray. Actually looks kinda cool, although I do miss the details of the brazing.
Here is the start of the build.
Bars: Origin 8 Tiki
Headset: Cane Creek S-1
Fork: Surly Long Haul Trucker
BB: Shimano something...maybe LP-27? Simple and cheap with square taper.
Crank: Dunno, it's going to a Christmas surprise.
Brakes and shifters are also hopefully going to be a Christmas surprise, but might turn into a New Year's surprise.
**edit** Wheels: Stock wheels & hubs from the '94 Trek (Alivio I think). These will be replaced when the money is available with some custom jobby.
The plan right now is to get as many parts in black as I possibly can. I'm then going to do the Bright Bike thing (google bright thread I think) and do some sort of design in retro-reflective material on the frame.