My girlfriend just picked one a 2006 on craigslist for $400 and I feel like she got a steal on it. (no pun intended :-P)
I have an LHT (26") and while I have racks and fenders, I still feel without those the jamis is a lot more lively and quick. She still plans to ride it fully loaded with me and It's still an awful sturdy bike. The wheels are 32 spoke, but the rear may get an upgrade if we do any long tours.
I like them both, but I may have been a little jealous when she got it, especially at that price. It's a lot of bang for the buck.