I just got a used Univega hybrid that I'm turning into my commuter/store bike. The LBS is changing the rear axle to quick release and putting on rubber bar grips. I'm putting Specialized Armadillos on, 700 X 38. I went today and bought two Planet Bike Blinkie 7 tail lights, They will go on the seat stays facing slightly to the side, with a Planet Bike Superflash Blinkie facing back. I picked up a Topeak rack with quick release, and will get a Topeak bag for it. I'll use Eggbeaters and wear my Sidis. Got a 5 watt Nighthawk light for the front, as well as a white blinkie up there. This is mostly for the 3 mile run on each end of the train ride during fair weather and runs to the store. Going to see how much I can leave the Jeep sitting in the driveway.
Maybe I'll get crazy and rig it up for rain riding, but working outside most of the day in the rain is enough for me right now.