IMHO you'd be much better off with a Jamis Coda Sport. Alternatively, you might also check out the Trek Atwood.

Schwinn Dealerships might be worth your time, as well. Schwinn makes two really decent hybrids that cost much less than the competition. Check out the Schwinn Sporterra Comp and the Schwinn Sporterra Sport. These are both Signature Schwinn bikes that I'm most certain will provide you with many years of enjoyment at a discount.

Of course, there's always the Giant Cypress ST. and the Giant Sedona ST., as well. They both have steel frames and sell for $350.

Good Luck!

- Slim

PS.

Also keep an eye out for used chromoly steel-framed bikes on CL and don't forget www.bikesdirect.com and www.nashbar.com