When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
The frame is the same as the 1996 Muni Mula, so very well worthy of upgrading.
However the P2 is a plain-gauge 'Project 2 Sport', so that must have been a bit of an economy measure to hit the price point as the bike would surely be better with a triple-butted P2. Still, plenty of people have stiffer forks than that with stiffer frames than that these days, harder people than me that is.