I've got that Vilano frameset. I got it in an eBay auction for $54 with shipping. The frame quality is poor with crappy welds and bad alignment, but fairly lightweight. The handling is horrible and it's a wet noodle when trying to put some power to the pedals. Personally, I'd get something else for that price. The headset is total crap but the BB is a decent quality cartridge type with a 110mm JIS square-taper spindle, which will fit a lot of crank arms.
Also, mine came with a seatpost, which is a good thing because it takes an oddball 25.4mm size. The one for sale on Amazon does not include a seatpost, nor does it specify the required size, so beware of this.
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