This was my big cycling project of the year and truly was fun. I’m debating putting an internal gear hub on it in 2010 but currently being advised against it. Well worth reading the set of posts I did recently on it:

Part 1: http://www.jamesgallagher.ie/new-bicycle-fun-part-1/
Part 2: http://www.jamesgallagher.ie/new-bicycle-fun-part-2/
Part 3: http://www.jamesgallagher.ie/new-bicycle-fun-part-3/