Originally Posted by queerpunk

Formula hubs are at a great intersection of quality and cost. They're really cheap and they're really solid. In two or three years you might have to put in a new set of sealed bearings; a locknut might crack. That's about as bad a thing as can be said about them and since you can get 'em for what, $50 a set, it's hard to beat. If you're building your first set of wheels, go for the cheap-and-fine route. No sense dropping a few hundred bucks on a PW rear hub to build it into a mediocre wheel, right? It's your first wheel. Use it as a learning experience.