Just last week purchased a rain bike - it has fenders - for rain and snow days. It is a Schwinn World Street and has mostly entry level components. I'm tired of cleaning my Gary Fisher hard tail after I get in from a rain ride. I'm hoping it doesn't spend more time in the shop than on the road because it is so cheap. I plan to give it the inagaural ride in the morning and before I actually have to take it on the long ride to work.
Ride safe,
Jeff