Thanks for all the advice and comments. I will get some toe clips. I always wear a quality helmet as I've seen many Man vs. machine vs gravity vs. centrifigul force incidents over the years.

Yep, There is a lockring on the rear.
I may get a better brake someday, but for now I'll use what I have and brake with my legs.
I'm a speedskater, so I've found that the fixed gear helps you get into a nice cool rythm just like longtrack, which is nice. Long medium grade hills really get the lactic acid flowing!
I'm don't know what the color is called, but its sort of a Gold with just a tiny hint of Orange and green mixed in.