That particular frame is not the best choice for a commuter type bike. The SLX tubes are quite thin and dent easily. It is a fine steel frame though, and will feel great on the road.
ETA: Also, if that's your Nuovo Record derailleur in the pics, you can replace those broken pulleys with Shimano ones, they are an exact fit. You can get a set for $5 from many parts places online.
Last edited by wrote4luck; 01-04-13 at 09:04 PM.