Just picked this up yesterday. I was looking for something inexpensive for noodling around town as I get a little paranoid leaving my Salsa Fargo locked up by itself. Sticker price on this bike is $390 Canadian (I could buy 5 or 6 of these for what the Fargo is worth).
It's a single-speed bike, the rear hub is a "flip-flop" which will let you run it freewheel or "fixie" for old-school riding (just turn the wheel around, there are cogs on both sides). I added the white pedals to go with the white wheels and white chain. And got a nice looking white cable lock to finish the look.