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I used to have one of those set up as a singlespeed. Flexed all over the place (makes you realise that budget Ti used to ride entirely differently to any other material, wheras expensive Ti was just like your normal bike on acid), but was very pleasant for it - set up as a singlespeed it kicked butt. Putting a pair of Saracen Ti rigid forks on it went a little too far though - now that was flexy!
