I voted cheap...but basically I could already find a cheap frame if I really wanted one, and I don't really need a new fg/ss frame + my wife would kill me. What I really need is a new road frame, so unless someone is willing to make a really kickass frame for next to nothing I'm probably out.

Personally, I think you are better off figuring out how many people are more interested in the $500 range or higher. This may not be the majority, but it may be enough to do something interesting, assuming you all can come to a concensus.