That's exactly how it was when I picked it up. It's interesting, but I didn't dig it as much as the "fade" configuration.

Thanks for the comments, guys. I still need to update the brake pics.

Ride report: Did a few miles on Saturday -- the Panasonic is smooth, clean and pretty comfy. I need to adjust the angle of the saddle, but it's ready to ride. Temps are dropping and it's pretty wet out here now, but I'm going to ride every chance I get. I need to replace the pedals with cages or clips, though. My feet are often in the way of the front wheel if I take sharp turns, which could get messy.