I recently (Sep 2005) bought a Trek 1200 (63cm). It's only a 9 speed, so who knows if I've ended up with an old model.
I have no real way to compare it to anything else since I rode an MTB & hybrid previously, however I find it fairly pleasant to ride - light and I can keep up with the rest of the group easily.
I did swap out the default clipless pedals for 105s on the recommendation of the LBS, but everything else is standard.
Only problem I've had so far is a back rim with minor impact damage, but that's probably my fault (I'm 100kg (196cm - hence the 63cm frame) and have hit a few potholes in a unexpected manner). I'm still riding the rim - it's nowhere near damaged enough to be replaced.