Originally Posted by
cyccommute
The Schwinn is a department store bike with all the warts that department store bikes have. It comes in one size and has a poor component list. The frame isn't going to be anything special nor worth investing too much money in to "upgrade" it. Better to start with a good bike with good parts rather than try to upgrade a bad bike with good parts. In the end you'll have a cheap bike that you paid a lot of money for.
It's rare in the sense that it has a very sloping top tube. If it's light enough, to me it would justify upgrading.