Maybe I'm in the minority here, but that bike looks ugly to me. Maybe it's the wall it's leaning against, but the white handlebar tape on a bike with that much black componentry on it just looks wrong. I think red&black handlebar tape would look lots better. The "Cervelo" logos are too overstated for my tastes. And those toothpick-thin seat-stays just destroy the lines of the bike -- massive downtube, deep-dish rims, bold, thick lines everywhere and then there are toothpick-thick seatstays. Just doesn't work for me. Sorry. Beauty is in the eye of the beholder.
All that said, I'm sure that bike is one sweet ride.