They make for great single speeds or fixed gears for those interested. There's a thread on this forum somewhere in the SSFG section. Believe it or not, people scoured Targets for these "hidden gems" (for your semi-horizontal rear dropouts). If I recall correctly, they were also on clearance for $61.97 at one point.
Anyways had you purchased this for a fixed gear conversion, you can salvage a majority of the parts. The only real component you would have to purchase is a new wheelset or if you are cheap a rear wheel or if you are really cheap a fixed rear hub (and re-lace the wheel)