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The "knee" in the curve is probably right around $1200: ~X7 components, factory hubs, straight-gauge spokes, mostly alloy components... durable stuff. Maybe a workable-but-heavy suspension fork. This bike will get you anywhere you want to go within reason and is worth upgrading with a better fork and wheels.

I does depend on your own priorities. I used to run LX rear derailleurs on everything because I could get them cheap and not cry as often as I broke them (old, bad riding habits). I never cared what kind of shifters I had (mine were "friction rapidfire" ;) ).

-F
 
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