There has been some discussion about this bike here, but I haven't heard anyone comment on the bike's quill stem... it seems very out of place to me (I'm a noob, though) so I'm hoping there might be some feedback here.
Schwinn is odd in that all the specs say the bike comes with Planet Bike fenders... but you certainly don't see them in their photo's. And though Performance seems to sell the bike, they seem slightly different -- and then there re is that strange Performance pricing phenom: people here report getting the bike for circa $600, when it's now listed on the Performance site at $799 (less the current discount of $100).
Here is the Performance version, brown, and lo and behold, there are the fenders!
On the Schwinn 2010 page, a detail blowup of the front fork does also show the braze ons: