Can anyone confirm if the stock hubs on the Motobecane Track are Formula TH32s? I don't have them in front of me right now, but I believe they look exactly like the ones pictured in the top photo here:

http://www.businesscycles.com/thub-formula.htm

If they are the same hubs, I will have to agree that the bearing seals are not so hot and the hubs don't spin very smoothly. Here are some pictures from the BD website: