Waterford is a fine company, founded by Richard Schwinn. Besides the Waterford line, and slightly less expensive Gunnar line, they produce frames for Terry cycles.
They stopped using Reynolds tubing though, and switched to True Temper. I don't think this is bad thing at all, but I have always been a little curious as to the reason. Constrained supply maybe?
So, how does Gunnar ride? Nice! Damn nice!