I just bought the 2005 Fuji Track bike for $350, in Seattle, and it is sweet! I am just getting into racing on the track and I think it handles really well. I could see spending $500 for it as well. My friend just bought the Pista for $500 and he hasn't even taken the class or raced yet so I don't know how he feels about it. I have heard good things about both so it really matters what you want wheel wise, look wise and all that.

Good luck!!!