ChicagoAL - it is indeed from Nearly New! I'm glad to hear that you had a good experience with them! A couple friends of mine also said great things about the shop. I like that they offer a 60 day warranty on the bike... (had thought about buying a CL bike but I really have no experience whatsoever with bikes so wanted to buy from a shop).

Rootboy & GB: I will call them up tomorrow and ask about the brakes and the derailleur- when I did the test run, the brakes were pretty squeaky but they said they would fix that so maybe it needed new brake pads?
Also, I would like to add a basket to the rear if possible so I'll ask them about that too.

Thanks again for all your expertise!