I've never really been a fan of the modern compact frames, but this flyte grew on me after seeing so many great build ups. Add in the great price ($148 shipped) and the fact I'll have a spare wheelset laying around after my gazelle rebuild - got a good match up for another frame purchase.
I'll either go with Veloce, or 105, or a mix of the two (oh the horror!) Really depends on what parts fall into place between now and April when I'll be doing this build and the Gazelle restoration. The Flyte's main purpose is to have a bike to ride to ride when I don't want to worry about something happening to the Gazelle.