I commute half the time on a $$$ Seven Axiom. It's an absolute blast to ride and I make no aplogies, I could afford it, I wanted it, I bought it. No racks/fenders/panniers. I clip on a Mi-Newt if I need lighting, carry a few things in a messenger bag. My "commuter" is an Ultegra equipped Lemond, so also a pretty nice bike. I don't need them, but damn they're fun. And paid for with the money I didn't spend on a car, supporting US based companies including a hand built frame company in Massachusetts.

I don't generally mess with all the "commuter" gear like racks/panniers/etc... because I don't need to, I live in a city where I can *gasp* walk 2 blocks to the grocery store, hardware store, etc...

Translation: My trusty hybrid city bike that I rode on rainy days got stolen and I have bike envy of those with hardy commuter bikes I've been trying to find a replacement on craig's list for months