Here's the bike I just pimped for my dad. He said no budget restrictions so I changed everything (but still tried to keep it relatively low)!

Before:


After:


Specs:
Hub: Shimano Inter 3 (grip-shift)
Saddle: Sefas Reactivr
Grips: Oury
Generic alum pedals
Rims: Alex DM18
Front hub: Shimano RM40
Tires: Michelin Transworld 26"x1.5
Brakes: Deore m510
Crankset: Trubativ Blaze 175mm
Bottom bracket: Truvativ Howitzer
Fenders: SKS P65 Silver
Rack: Axiom Journey

It's a freakin' nice bike to ride! I'm surprised of the performance of the three speed!