Fun bikes. Its never gonna be lightweight, but it's great for bombing around town...short of a massive front end collision its pretty much unbreakable.
Personally I don't have a problem going too far with it...the parts can all be removed and put on something else when (if) the time comes.
I had my Varsity out this weekend for a run to the deli and a little cruise.
I've got all sorts of stupid stuff on here
...Sun Rhyno Lite rims, 26 x 2.25 tires, front and rear drum brakes, 14 speed indexed w/ Deore derailleurs
It weighs like 40 pounds, but I'll take it anywhere.