Buying all the parts and building it yourself is half the fun!
What's the budget? Also, why specifically 26"? Shirley you want the best package, regardless of the wheelsize...
I want a bike to leave at my parents for when I come to visit. This trip I'll only be there for a week and I want something to ride straight away. Also, I'll have the bare minimum of tools there and I hate having to get bike shops to do anything so a complete bike is a must.
26" because I'm 5'6" and I like 26" (actually, I put a 24" rear wheel on one bike because it felt too big with a 26").
Budget is up to £500 but preferably less.
Incidently, if anyone does have any of the following for sale in a small size I'm interested, especially if you live round about the central belt of Scotland:
On One Inbred or 456 (did they make the 456 with horizontal drop outs?)
Kona Unit 26"
(Gears and suspension optional)