folks are going to tell you to use the search function, cause there's a lot of info. briefly:

pros: not a bad price. track geometry. drilled for brakes (good for starters)
cons: less-than-thrilling components (wheelset, crankset...).

a good place to start, maybe you'll want to upgrade if you find yourself really digging it.

another option--for supporting small, community-oriented business with great customer service record among us--is an IRO, www.irocycle.com, which has a quality wheelset that will last you much longer than the bianchi's stock things.

the search button is your friend. lot of info has been thrown around...

/whoop, yall beat me too it.