Depending on what you're after, absolutely. For a fixed commuter, I much prefer the geometry, wide clearance, and rack/fender mounts on many old road frames. But there are plenty of frames that come in around half the weight of the Varsity. And this one is definitely tarck as ****, which makes even less sense.

That's what blows my mind. The saddle and wheels (my hate for deep v's aside) are just a crazy juxtaposition with the godawful frame and cranks. Shoulda left the Ashtabula cranks on there, it really would have completed the picture even better.