I have a 2008 1.2 and I paid $500 (I live in St. Louis) for a used with about 400 miles on it. If your price is of a new bike thats a decent deal, but I don't really know how expensive things are in Orange County (I'm guessing pretty expensive). I'm jonesing for a racing build, but I can't really complain about the 1.2. If you just want to ride for exercise, I feel like its a good bike. Its fairly comfortable and has stood up to the abuse I've put it through (silly crashes and my own poor maintenance ).

However, I agree with cycledude. If you feel like you are going to stick with cycling, or you have the extra cash go for the 2.1. The 2.1 has some better components and would be a bit more versatile.