The Felt is, IMO, way nicer looking than the Kilo. Whether or not you are going to swap out parts is kind of irrelevant. I bet that Felt will be a fine ride that feels and looks good for less money than building up a Kilo. I'm having this problem now: while building up a bike, it is tempting to get really nice parts that you may or may not appreciate. I bet if I would have gotten a pre-fab bike, I wouldn't have noticed the mediocre cranks/headset/bb, but when building up my frame, i wanted all sugino, chris king bs. I really like the way that Felt looks, I think it's cool and I know some people with Felt F series road bikes that LOVE them.