I have the '06 flite 100 and its great. I swapped out the wheels and drivetrain though, also saddle, pedals and bars. I didn't like the wheels or saddle but everything else is passable off the shelf. Its a great commuter because you can fit it with rack and fenders. It has a nice responsive ride but isn't too crazy that it becomes impractical to ride. Mercier and Spicer offer the same frame, so keep them in mind if you want different components or a bare frame.

My flite 100 was the first year to go threadless which I am quite glad of.