Thanks for all the replies.
I'm in the process of shoehorning the 132-ish mm SRAM 7 speed hub into my 120mm rear spaced Motobecane Messenger but as mentioned- now I'll have a 7 speed IGH bike but no fixed gear. I will keep my eyes open for a decent price on an oler road frame but most of what I see around here are (a) to small for me @ 6'2" or (b) heavy-framed low end bikes that are overpriced for what they are. (Not all 70's schwinns are worth $500+ as the local craiglsisters seem to believe)
I got a killer deal on this new wheel- a wheel built by my LBS with the SRAM 7 speed IGH, and a Ritchey rim complete with the shifter/cable/everything needed for $80. The hub alone (no shifter, not built into a rim, etc.) sells for $244 @ Harris Cyclery. It's going to be awesome.