I want a "starter" bike. It will be for commuting, and for fun... like bike polo! Haha. I just want something that's pretty nice for $150. I have a bike now, I just want to take everything off of it and put it on a new frame. I am willing to spend $150. Any recommendations? I'm 5'7" so 52cm?

make sure you new frame has the same BB shell, head tube and seat tube size if you want to use the components you have now. An unbranded Pake off ebay might do the trick.

If you're referring to the Crosslake ones, afaik they're no longer selling those unbranded Pake frames, it's just another generic unbranded frame. Also: they are very heavy (I have one). I would watch your local craigslist for a some nice butted vintage steel, some kind of low end model since you'll be stripping all the parts anyway. You could definitely beat $150. Also, 52cm seems maybe a little small for 5'7", what size is your old bike? Is it comfortable?

+1 on making sure your parts will fit though!