as sweet as a bike is, a bike that does not fit you right is only sweet in the eyes of the beholder.
You could run an extra long seat post (like some mountain/BMX post -- tho they are likely to be too fat for that frame). Sometimes, if the bike don't fit, then it's just time to pass it on.
Be patient with your local buy-sell options and someone will step forward. Do you live in/near a large metro area? Are there bike clubs? Here in Mad-town there is a yahoo bike group where I post things as well as Craigslist.
Good luck
(ps. nice bike stand!)