I added another faux Rivendell to my stable in late summer. It's a Waterford RST-22, which normally would not be considered a poor-man's alternative, except I bought the frame,fork and headset used for about half the price of Rivendell's cheapest model. I could never afford a lugged Waterford at today's prices but you can get some great deals on used bikes if you are patient. This one was the perfect size and geometry for me, so I snapped it up as soon as I saw it.