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Archwhorides, that's pretty nifty. In general, I like standard things like chains, but Priority makes nice, sensible bikes, and maybe I would consider a bike like yours. I caught up with someone riding one here in Manhattan, and we ended up riding together for a couple of miles. It was the perfect bike for him, and it's not even expensive.
I prefer full length fenders, and I don't mind leaving them on, and I could probably make them work with that rack of yours.