i just checked out the paddy wagon, and it seems to me that the tubing is the only redeeming value. and good god, i hope i never hear "paddy wagon" in the same sentence as "bareknuckle" ever again.
in my humble opinion, i think you're better off converting an old road bike with decent tubing. the geometry, the bells 'n whistles all over the frame, the notion that its a hideous bike....you're better off with a conversion.

but don't take my opinion for fact, it might ride wonderfully, but i highly doubt that it can perform like ought to for the price.

and i'm not gonna lie, the madison looks pretty nice! did they give an overall weight for it?