Originally Posted by
Tundra_Man
On the flip side, I have been wanting to purchase a new fancy road bike for a while.
There is your answer. If you update the old bike, it still won't be what you really want. And you'll be into it more than you could sell it for after you buy the CF bike (you know you will do that eventually). So just skip the rebuild and buy what you want (assuming you can afford to do that). And enjoy the ride.