Just got back from a first ride on this bike a few minutes ago. It's pretty sweet -- the shifting is precise (except for an unfortunate, but I believe correctable, insistence on dropping from all the way from the big chain wheel to the granny on every down shift), and it climbs very well. I've been looking for a bike that I can put 3,000 or 4,000 miles a year on as a commuter without attracting the attention of Austin's many bike thieves, and this could be it. But I've got to admit, after one ride, I'm not sold on the whole flat bar thing--I'm tempted to steal the drop bars and Ultegra barcons from the Trek 520 I also picked up yesterday. The Trek doesn't fit me, I bought it to flip, but bars aside, the Nishiki feels like a better bike anyway.

Here are some pics. That neon green shadow on the lettering is pretty hideous, eh? Early 90s, for sure--a guess which I believe is supported by the PL date stamp on the crank arms and derailleurs.