Its a good frame with a wicked crankset (Sugino 75s). The rest of the bike is so-so. Bars and seat are pretty bad. Wheelset is ok.
If they were a little cheaper, ie priced the same as the Pistas, it would be the hands down champ for budget off the shelf fixies (well ones you can buy from your LBS).
Seen a fair few of them being used as begineers bikes on the track and friends with them love them for city riding.
Not a big fan of the return of the bright yellow paint job though.