I built one up a week ago. My first impression was that it was of higher quality than the sub $300 offerings on bikesdirect since the welding looked comparable to my girlfriend's Motobecane Track. While I still think the components are more presentable and polished looking on the State, the frame itself had some pretty bad flaws. First off, the dropouts weren't even. This, in addition to them giving you cheap axle nuts without rotating washers that didn't exactly spin smoothly onto the axles, made tensioning such a time consuming, low quality experience. No wonder they come with free chain tensioners, but they are useless once you add a couple of teeth on your cog or chainring - as in my case - unless you add more chain links. The wellgo pedals didn't spin on their own at all, making strapping in bothersome. Also, the headset was definitely bottom of the barrel, but it's not as noticeable while riding. I wouldn't recommend someone to not buy State Bikes if they're going for a very specific look for cheap, but I really feel like they cut some corners on their product.

TLDR; They're aight, but overpriced for what they are.