Price: $469.99
Buy It Here

The Fuji Feather barely slips in below the $500 threshhold, but you're getting a lot of bike for your half a G: Full chromoly frame, sealed bottom bracket, flip-flop Formula hubs, and a whole gruppo's worth of Fuji-branded componentry (the radial-laced front wheel is a particularly nice touch). The bars are "keirin style wrapped," which translates to "get used to holding cold steel."