I never think of type 1 (like Wabbit just described) as Fred. To me, Freds are the posers (type 2), the guys with neon clothes and racing bikes that get ridden maybe 10 miles a week. Neither kind bother me at all.

I respect type 1's because they have a belief and the grits to stick it out. I also like type 2 because they subsidize the local bike shop (I think someone else said that as well).

The only cyclists I don't like are the snobs, the guys who shun me because I'm not a "real" cyclist like them.