I have an 07 model. I love mine. It was cheap (300, got it on sale). It has been a good buy. Mine came with shi**y hayes brakes, but other that that its a good intro to single speeds. There is a lot of upgrade potential there too. I have fitted a carbon bar to mine to soften the front end, I also chucked on a new saddle.
A lot of people have slated the cheap spec and said that they could build a S/S cheaper, that may an option.
I believe that the built bike has a different specced frame than the frame only so may be worth investigating.
The allen key screw tensioner thingys in the drop outs are a little bit soft and fiddly, but other than that its a well thought out bike, and in my case at an excellent price.