I've got a "Valpe" -- it's a Bianchi Valle, which has (as far as I can tell) the same frameset as the Volpe, but it comes with flat bars, fenders and a dynohub. I put a rack on mine, which made it a lot more useful, plus better lighting; but I converted it to drop bars a couple months back, hence the "Valpe" nickname.
I figured that the conversion was basically the same cost as buying a Volpe and adding generator lighting to it.
One trick is that when I don't have panniers on it, it feels really light.