Specialized Allez

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I'm going to be upgrading from my Trek 7200 hybrid to a road bike at the end of this year. I'm looking at the Specialized Allez Compact Elite, but I was wondering if it is a good bike for longer rides. I know the Roubaix is supposed to be good for them, but it's a little out of my price range at $1600 for an '08.
Any advice is much appreciated.