Yes, nice old thread.
I have a red (mauve, really) model... 420. Has not failed. +
It is a subjective judgement, but I find it rides nice; is not as fast as my newer aluminum, but feels nicer when cruising.
BB wore out, so has cartridge now... replaced brake levers cuz I didn't want dual-levers... replaced original rims after bending the originals on a curb; otherwise, she is as she was originally. I'm thinking of replacing the crank though, cuz I notice the flex when standing.
I still enjoy the bike.