I've been riding one for a few years. Frame is great. Probably going to need a new rear wheel unless they really do have formula hubs. The older ones had quando hubs and I kept breaking spokes. The headset crapped out after three years, but I figure thats ok for a bargain headset. cranks, BB, and front wheel are the only things that are origional now. They're all going strong. Its odd, but the front hub is actually much better quality than the rear on my bike.
tim