Hmm, I hadn't even thought about rear dropout spacing. My current frame is 126mm, but I have the IRO flip-flop hub which I think can be respaced easily.
I'm not necessarily looking for something dirt cheap (certainly not hi-ten steel cheap). The Cross Check and Casseroll are in my price range (the
Soma Van Ness is not, which is a shame because it's so pretty). Actually, the Caseroll is pretty much exactly what I'm looking for, except that the fork is the ugliest thing I've ever seen. But if I can overcome my vanity I might go for it.