I had one for about 8 months. It was a 2007 I picked up for $300 in really good shape.
I liked the ride, it was comfy but handled well. My tastes changed and I wanted something else, how unusual huh.
It's not quick handling like a track bike but it all depends on what you like.

As mentioned, if you can get a good deal go for it. It comes with decent parts. I changed some of the parts on mine as you can see.