Thanks for the feedback, I thought it was a very nice bike, so it's nice to hear others agree! And thanks for that diagram, I'm sure it will be extremely helpful as I learn more about cycling.

I have another question - my bike came equipped with a dynamo to power the lights. I know that this is supposed to turn the lights on when I pedal, however I can't quite figure out how to turn it on. It sort of lifts slightly and there's a screw at the top of the dynamo that can be twisted. Any ideas?