Interesting responses to my post:
Just to qualify i have had and still have ti bikes, both road and MTB. I obviously agree with the point that construction is 9/10ths the resulting ride characteristics. But, in reality we are talking about microscopic amounts of difference in deflection and absorption between steel, ti, carbon and aluminum in what is essentially a rigid object. When you but Ti you should buy it for ‘prestige’ (for want of a better word), workmanship, operational life (it will last longer) or weight. A frame in each material (car, ti, alu, st), designed specifically for the same purpose – harnessing the particular qualities of each material will perform in almost the same way. The best way to tune a bike to your particular riding requirements is not to throw money at a Ti frame believing it will be a revelation but picking the best setup in terms of tires, stem, bars, forks, matched with a frame that allows for flexibility in you budget to archive the riding characteristics you need.
In short, if you have pots of cash then blow it on a Ti bike with stans wheels and carbon loveliness. If you are working to a budget (albeit a healthy one), you can get the same ride quality for less money spent in the right places.