I was at Target the other day and saw a bike which I think was a better deal than the Denali.
I had a Denali and rode it a few times. I ended up giving it away on FreeCycle when I got a my Fuji Roubaix. There was nothing wrong with the Denali (except for the brakes which were crap and I had to adjust for quite a while).
The bike I saw was a Schwinn Prelude:
http://www.target.com/gp/detail.html...sin=B000KZ1GHQ
It's a double and a 14 speed.
It has some downtube shifters but they are not the traditional old schoold shifters, they have some different molded shifters. I picked it up and I could tell that it was quite a bit lighter than the Denali (the frame and fork alone were much thiner than the Denali).
If you get a chance check this out. It is $200 and I was really taken by it.