Mmmm...I'd say 'quite heavy'! I used to ride lighter bikes but at 200lb fully kitted with hydration pack, a too lightly kitted bike breaks quickly if you ride what this is designed for.
The frame's alittle heavy if you're used to Al or Ti (but you can always buy one of the other Ragleys....No commission needed, Mr B!). I also keep busting up light wheelsets so I've gone alittle heavier with the chunky Kendas and 20mm TA fork which has added a lb or two but is so worth it. I haven't weighed the total build (and probably won't) but I'd be surprised if it's much under 30lbs.
For what it's worth, I used to be of the lighter is better attitude. Yes, going up hill it does make a difference but when you're on the way down (which if we're honest is what this bike is all about), the weight actually helps alot as it lets the fork do what it's supposed to. Oh, and this is the first time I've ridden with so much sag in the fork (at least 30%) and it really does work - the fork dive on steep descents isn't too much of a bummer either as you're already well into the travel and HA stays pretty slack. I didn't even put the poploc on so it's wide open everywhere....on the steep ups I've learnt to adjust the upper body to compensate for the bobbing and alot of the time have even started to stand and mash the cranks like a single-speed (thus the comments earlier about having a dedicated SS AM frame).