I re-read Sheldon's page on the DIY tool and I'm gonna give it a try. It looks a lot easier than I had originally thought. Wheels arrive tomorrow, then the crank components and tires hopefully by the Weekend.
Just need to pick up a couple spacers for the rear hub (dropout is 126mm and bicyclewheels.com wouldn't prespace the 120mm hub for me).
Here's the frame as it looks right now - sorry for the hideously large picture - i didn't take the time to resize yet.