Hello all!

I'm new to the forum, newish to biking, and looking to expand my bike fitness (light off-road (paths), on-road, bike trail, etc). I have a Giant Sedona DX that's a 2005 (I bought it used), I think. The front wheel is slightly warped (I can see a wiggle, but it's not hitting the brakes). The gears skip at times (not sure of the precise term, but they seem to slip while shifting). The frame isn't warped or damaged, there's some spotting in the paint, but it's not severe. The grips and seat are wearing so that they stain hands and clothes black.

So, it seems like I would need to replace some (all?) parts, such as drive train and brakes. That looks like a couple hundred-dollar expense (or more) for decent parts. Or, alternatively, since the frame seems in good condition, I could sell it for what I could get and buy a $500 - $700 bike. I'm looking at commuter-hybrid bikes and the brands with which I am familiar (Giant, Cannondale, etc) seem to have road bikes (esp. last years, closeouts, etc) in that price range.

Thoughts?