Yea, get a cheap 8x8 tarp and that should do the trick. I'd also spend a few cents are replace the nuts with new ones as rust seems to spread. That's no fault of the bike though, I'm sure a $2000 bike left outside would rust also after a few months.

And a question. What turned me off of the Denali in part was the fact it seemed to have so little handspace and I couldn't figure out how I would mount by bike light and GPS unit on the Denali. I'm just curious, how do you have yours mounted and does it interfere with your hand position on the handlebars?

The Schwinn Varsity seems to have solved this problem for me by making the shifters the pull type.

By the way, great thread, I've always believed that Walmart bikes are fine as long as you do your own adjustments and don't plan on using them to entering professional racing. I've always had great success with my Walmart bikes.

Cheers!