well assuming honda actually engineered the frame (and not just rebadged a generic one), for $200 you know you are still going to be getting low end parts that won't last on the trails. if you actually knew the details about the frame-making process employed by honda, and they turn out to be decent, then the frame might be worthy of upgrades. otherwise it'll just be a bike that might make you hate bicycling.

edit: OT but i was checking out that site and saw monroe shocks spec'ed on some mtn bikes. i know monroe makes truck struts (on the affordable end) but does anyone have experience with their suspension forks?