What bicycle projects do you have planned or in progress?

I have three projects in the planning stage for making two bikes from three bikes worth of donor parts. Besides the two bikes discussed below, I also have a 1984 Nishiki Olympic 12 in excellent shape except the frame was bent in an accident. The components are in nearly-new condition though.

1. Repaint/recondition a 1984 Schwinn World Sport to make it a rideable road bike. This will be my first bicycle restoration, so it will be as much about learning the craft as it is about producing a good bike. This will be my road bike until project 2 is done.

2. Repaint/recondition a 1983 Raleigh Marathon in to a rideable road bike. This is the one I want to turn out good, as it has a 25" frame which is a pretty good fit for me at 6'-2".

3. Convert the World Sport into a fixie, as inspired by this thread. Since joining BikeForums in September, I've been becoming more interested in at least trying out a fixed-gear bike. Bearing this in mind, when I paint the frame during the restoration I might go with something a little wild.

I don't know that I'll like riding a fixie, but I want to check it out. If it turns out to be not my cup of tea, I figure I can sell it for more as a fixie than as a restored vintage. And before you go all, "everytime you turn a vintage into a fixie, God kills a kitten" on me, this Schwinn is in pretty rough shape; in my mind it's already dead. Making it into a fixie will be giving it a shot at a better life.

Anyway, what projects do you have going on?