Psyclismo: Thank you. This is precisley the situation I am toying with for right now. I am leaning towards going to the LBS and grabbing a descent frame with lower tier parts. I have experinced the wonderful upgrade-itis with my mountain bike and feel upgrading components on a nice frame will be more enjoyable that just upgrading an *OK* frame to a new descent frame. Furthermore, your advice also reminded that swapping used descent parts from one frame to another is not ideal in my book. Thanks again!
All others: Please continue to feed me with advice and exerience on the subject. Be safe out there! I read the thread about the man getting off for the hit and run. He should be hung by his balls with a brake cable!!