Hey jmbranum!
Your bike looks very much like a Bianchi Aquiletta. I wonder if they were made by the same company and re-badged?
http://www.yellowjersey.org/aq.html
The style of those classic folder frames - the one-piece curve forming chain-stays, rack and seat-stays - is timeless. That's a keeper, in my mind.
If the gearing is limiting, you could probably retrofit with an internally geared hub.
EDIT: apparently, they made these is 26" wheel sized too:
http://www.fixedgeargallery.com/200...aoloBellino.htm
Plot thickens...
It looks very similiar. The shape of the back is a bit different, but the "hinge" part, and the seat and handlebar quick releases are identical (the seat and handlebars are different, but I'm assuming that you've replaced those on the Bianchi.
I definitely keeping the bike. I still can't believe I got it for so cheap on ebay.