I also had a townie thread a couple months back, here:
http://www.bikeforums.net/showthread.php?t=204572
I love the way the townie rides, and the way it looks. I did not get one however, because I have a two bike limit right now, from the wife... Also $400 would be a little steep for that type of bike to me. (Besides I want the nexus internal 8 anyway, thats like double!)
I admire the townie, I would get it if my destinations were normally less than five or so miles away or I just cruised the town alot. For now that is not my style of riding, in the future their will be room in my stable.