urbanknight...I think I told you to flip it once, as a joke, because the pic wasn't too clear that it was a 0 deg. quill stem. You with the Bianchi, in full Bianchi kit, non drive side pic, right? I may be wrong.
On the whole Flip It thing. It all depends on fit. I'm 5'10" and have a 53 cm frame, which is probably too small for me. I have my seat up pretty high, and when I flip my 110mm, 5 deg. stem to the 'cool' position, I have a nearly 4" seat to handlebar drop. When I'm in the drops, the nose of my saddle wracks my 'nads something awful. When I flip the stem to the 'uncool' position, I have a 2.5" seat to handlebar drop and my unit is much less discombobulated whenst in the drops. Much more comfortable.
If I didn't get such a smokin' deal on my frame, I'd go and get the right frame size for my body and get pro-fitted, and probably have a flipped 'cool' stem...bit I don't care what you schmo's think of how I look. I'll drop all y'all anyway.