$80 does seem to be a bit high for that bike, I agree. However, a seasoned mechanic at my LBS here in DC put it into perspective when I asked his opinion as to whether I once overpaid for a bike. He maintained that I shouldn't really worry that much about the initial cost (especially when it's less than $100), that I was likely to put way more money into the bike over time and that the $20 or 30 that I might have overpaid was a pittance in the larger picture.

This isn't to say that I have money to spare or that you shouldn't haggle, but I think that $80 is probably a fairly rough ballpark price for the bike. In my most recent bike buying experience, I thought I slightly overpaid (and didn't haggle) because the guy I bought the bike from was pretty cool and straight forward. I now hang with him fairly regularly as part of a larger group and think that I would have been embarrassed trying to shake him down for an extra 20 bones. You never know. Karma works funny sometimes.

I like the fork too.