After talking with a bunch of people and the varying responses on BF everyone seemed to confirm that I shouldn't ride it. I went ahead and ordered the Nashbar road frame for $100 and should have it in a week.

Calfee's repair will run at least $450 and has at least a 6 week turn around time. I'll just swap all the components over to the new frame and go from there.

Although I'm disappointed at the loss (not to mention frustrated at myself for being so careless), I'm excited to build up a new frame.