Seems like a pretty capable bike -- I like the all-steel construction. I saw a blog of some guy riding around Europe on one (
http://wearegoingawol.tumblr.com/). Room for 2.0"+ tires seems adequate for all but the rockiest terrain (the rigid fork being another drawback if you'll be riding really rocky and technical singletrack). I haven't ridden one though, so take that with a grain of salt. Let us know if you decide to get one!