Thankfully I'm not constrained by a budget. While I'm not what I would consider wealthy, I'm also not in a position where I'm having to save pennies by re-using 35 year-old jockey wheels if I don't want to.
That being said, I got in this financial position by not making purchases without carefully weighing the pros and cons (hence this thread.)
If I do keep the Felt, it's going to remain in its current configuration as a dedicated TT bike. I have no interest in trying to convert it to a drop bar road bike. For one thing, the geometry is just too agressive for what I'm looking for in a road bike. For another, it's just too sexy looking the way it is.
But regardless of what I do with the Panasonic, I do need to either start riding the Felt or face the fact that it's time to give it up.