The Portland used to be an awesome bike. Used to be 105 drivetrain w/ BB7 brakes for about the same money (and without a stock rack). Last year they dropped quality of components quite a bit and turned it into a poor seller. Now they upped the brakes back up, but it's still a mediocre drivetrain. I think it should be priced closer to 1300-1400 (since the Tiagra equipped 1.5 is 1,100. I think the BB7 upgrade and wheel swap isnt worth much more than 300.
It's a cool bike, but a tad overpriced this year. Snag it on sale and you've got a good bike at a good price. I'd rather go for a Fisher Collection Mendota. Lose the drop bars but $500 cheaper for similar quality