I had a 2009 Giant Defy 2 which I bought new and really enjoyed it. Like you, it was my first new road bike and it treated me well as I logged over 10,000 km's in the less than two years I owned it. I would highly recommend it. It has the best compact frame around and the carbon fork is nice and it has a decent drive train and other components, if you are just going for the regular Defy 2 and not the carbon. The carbon runs about 3200-3500 depending where you buy. I liked GIANT so much that I have just gone full carbon and bought the GIANT TCR AVANCED 2, 2011 model. It is a sleek very well equipped bike. My advice, buy reasonable for the first bike, you can always upgrade later....and if you don't like road, you have not invested thousands in a bike. Food for thought....happy shopping!