Ok... I know this is an old string of posts, but have to ask how you've all formed these opinions on bikes under £500? I own a variety of road, MTB and BMX bikes, and whilst I will agree to generalise that the more you pay, the better quality components you get, I just cant agree with most of the comments here about spending a minimum of $500. Now... even though it's 2013 and the Viking sprint was 2011 or earlier, I have just bought one as my cheap winter exercise and commute bike, and frankly, I am very pleased with it!
I think many people are getting confused about the differences between technology that is older and more basic, versus poor quality parts. Fact is all drive train is a smooth and more than adequate, but basic, shimano SIS units (front and back) and have experienced nothing but smooth riding so far. OK, the handlebars are steel, the pedals that came with the bike were cheap plastic and the bike has old style road levers with separate shifters, but given the entry level integrated shifters and levers start at £200 for a decent set, and given I have no need for this feature (as my arms work quite well at using more than one set of levers) I cannot agree at all that this results in a poor quality bike that can be viewed as nothing but a waste of money as has been stated previously on here.
The frame is solid, riding geometry seems to be a mix of traditional road and Tri, but if anything, I find that a faster more efficient ride.
I am glad I ignored all the posts about cheap bikes and used my own experience and common sense in sourcing a bike based on it's specification versus price, rather than general preconceptions versus expense.
I thought I'd post this for anyone else considering purchasing one of the many old/new stocks still on the market who wants some positive, objective advice on what I look for;
1 shimano or Sram drivetrain. on cheaper bikes you often end up with an unbranded cheap far eastern drive train. Make sure it's shimano or Sram as even their basic older models will suffice for anything other than the hardened road racer or those who want to look like they are a hardened road racer.
2 Understand that Basic does not mean it's rubbish, it means that the manufacturer used simple design and probably pressed steel as opposed to individually CNC'd parts. Ask yourself, do I need to spend another £250 so that I can have parts that, other than a few grams in weight & a better appearance, will make little difference to my required ride?
3 when comparing bikes, actually line the specs up side by side, so you can ascertain value for money. Frankly this is just as important as overall price
4 look for a decently made frame with neat welds and a straight frame geometry (either alloy or steel or chromeoly - depending on preference) and, for the sub £200 price range, I would consider steel forks so that you know they'll stand up to your riding. all other components can be changed easily over time, as your budget or riding levels increase.
Anyway, this is my opinion... I also have a specialised Allez and other that the weight and integrated shifter/levers, there's really no difference in my ride each day. Up to the individual if you take heed or not, but I have both the 600 quid bike, and the 170 quid bike, and if anything I am left wondering why I spent £600 in the first place.