archermd, from what I have read of your posts, I would be concerned about getting a bike with drops out of the gate. A straight bar allows you a more upright position, quite a bit easier on the back. If you decide you want the drops down the road you can always switch out, but that can be pricey as you need to change most if not all the equipment on the handlebars.
The Sequoia has narrow tires that would not allow as many options of surfaces, it is a great bike, don't get me wrong. If you like the Specialized bikes have you checked out the
Sirrus Sport?
I ride the Livestrong 7.5 FX and love it. As you have probably read on these posts, though, it is important that you get a bike that feels good under you. And I am not talking about a quick ride around the parking lot of the LBS, I am talking about a 10-15 min ride. I hope this helps.