so far, so good. the saddle that came on mine broke down pretty quickly, but they have a different one for the new models, and i have another felt saddle identical to the one that broke that has thousands of miles on it, so it may be a rare thing. my only complaint is the somewhat crappy trackends on the frame which were fixed on the new model. the wheels are nice, bombproof, but not too high performance. prety solid track bike. i used it for commuting last year, but am now making it a track only bike. (i think i am one of the few people that converted their commuter to a track bike instead of the other way around) it's a fun one. rest of the pics here: http://velospace.org/node/3679

oh yeah, i forgot. the wheels that came on the bike were not really machined at all. the previous year, both the front and rear were machined. as you can see in the pics, i just sort of wore through the surface down to the rim, and it stops a lot better now. just something to think about if you are going with the stock wheels.