Thanks for all the input, you guys are really are a good community around here.

I figured I can get the price of the specialized down to around $250, but I have to buy some new pedals, since it comes with clipless, and I'm not quite on that level yet. There is also a tear in the saddle, but thats not as pressing of an issue as the pedals.

Can you guys suggest cheap/reliable saddles & road pedals?

I thought about getting the trek, but if I can get the specialized for under $300, its going to be hard to justify spending double that for the trek.

What do you guys think about the red color? Can't decide if I like it or not.