Just built this for some non-technical off-roading. Had it’s maiden outing yesterday to see how it rode and compared quite favourably with my Pompetamine.
The Lyra discs are as goos as BB5’s and were cheap as from Winstanleys.
Longer chain, new saddle, some pdm 520’s and bar tape and it’s ready to go.
A longer fork is on the way to experiment with and I’ll probably go bigger with the tyres. Built for around £300 including the impending carbon forks :-)
Edit: Image Link : http://www.flickr.com/photos/48403784@N05/6788602583/