Nope, not a good candidate for conversion. It is a cruiser and is designed for cruisin', so it will have some very lax angles. Also, it wil be a heavy bike and the spacing will be pretty wide due to the large internally geared hub, so you would have to get all whacky with spacers. As the other guy said, it is great as it is.

That said, there are some pretty decent candidates on your local CL.

I think this bike is perfect as it is but it would be a better bike than the JC Penney thing to convert: http://seattle.craigslist.org/see/bik/609557075.html

Ditto: http://seattle.craigslist.org/see/bik/609304127.html

Again: http://seattle.craigslist.org/see/bik/608651967.html

How tall are ya? That gives us a better idea of what size you will need.