I'm only two months in, so I will likely update this review at some point. I'm no bike expert, but I do have a couple of nicer "budget-end" road bikes, a vintage Cannondale and a newer Specialized Secteur Sport.
I purchased a 2011 SE Draft Lite to replace my previous commuter bike, stolen for crack money I'm sure. I was attracted by the price point, easily one of the best prices I've seen for a fixed gear. I had never ridden a fixie, and I didn't want to sink too much money into one in case I hated it. It's been a spectacular value so far.
This was the first bike I assembled, and assembly was quite easy -- obviously, there aren't a lot of parts; that's the beauty of a single speed. The front wheel needed truing, but that's a mere $20 and 20-minute repair. Flipping the hub is easy too, even without an assembly stand.
She rides like a dream and is quite attractive too. I've taken it as far as 15 miles each way on urban excursions and have found it a comfortable ride. The gearing is appropriate and manageable even for 10% grade hills (in short bursts of course). And yeah, I really like the styling and color options available.
The bike even survived a bike-directly-into-parked-car collision at 20 MPH or so. (Don't ask, I was riding with reckless abandon). I simply had to readjust the handlebars after the accident, but everything held up fine. I was in much worse shape than the bike.
I would highly recommend this bike for anyone needing a $200 commuter and/or looking to get into a fixed gear for the first time. I also looked at converting my Cannondale to a fixie, but that was way too expensive. I checked out Walmart's $100 fixie as well, but I couldn't bring myself to buy a department store bike. This was the right choice.