There is about 2 1/2 inch drop from top of saddle to actual handlebar but like I said, on this bike with my body dimensions, there isn't much variation considering my inseam is short. I am not running an unrealistic amount of spacers under the stem and if you look at the angle of the headtube and the stem, you see how much it kicks up as the headtube is tall.
I couldn't care less about looking like a "racer boy" on a frame 2 sizes too small for me. Kudos to those guys, but that ain't me.