Looks sweet. I'd lower the stem and flip the bar upright to the same grip height, IMHO.
Funny you mention that. The stem is super long but the steertube has some sort of butting in it so the stem can only go in about regulation length.
A shorter stem is in order but its the funky Peugeot size so I'll just leave it for now.
I'm 'bout to go throw the chain on it, and the shift cable and take better pics. It'll also get a kickstand I had taken off, though I hate them it'll match the utility of the bike.