An overwhelming majority of my fellow Retrobikers felt that I was extremely stingy not to give it to her, but once bitten, twice shy.
I think you're right on with that, Anthony. If she's interested enough to be worthy she ought to be willing to make at least a small financial investment in her own equipment. If she's not then it's a waste of your time and money in the first place.
I've been in the same situation in the past with my longtime GF and the simple fact is most people don't appreciate what is given to them as much as that which they go out and get for themselves. So I now contribute to her cycling in the form of purchasing advice and mechanical assistance, but until I see her go hardcore into it I won't be giving any additional cycling-oriented gifts.
"...if 4130 were discovered tomorrow, it would be hailed as the greatest building material in the history of mankind." - Keith Bontrager