"Rivendell raised" is having your bars level with or higher than your saddle. Everything racing is, Grant Peterson and
Rivendell Bikes is the opposite. Have fun with your new bike when you get it, and show us pics!
EDIT: I've been told that I was passing off a term that I made up as being in common usage. It isn't. I made it up, on the spot. I think it's pretty good!