I've only gone and done it.

Well, bought my first road bike yesterday. Got an old Claud Butler Criterium (think its a 2007) Got it from ebay for under 200 quid.
Just been out for the first ride which was enjoyable. Only 9 miles as the rear hub is making a bit of noise and a few of the spokes are loose. (my own fault for buying on ebay i guess)
did it in 40 mins which I don't think is too bad. I know I shouldn't be timing myself just yet but I can't help it.
EDIT: this is the route that I rode
http://www.mapmyride.com/ride/united-kingdom/lyneham/543124999193949416
Just been out for the first ride which was enjoyable. Only 9 miles as the rear hub is making a bit of noise and a few of the spokes are loose. (my own fault for buying on ebay i guess)
did it in 40 mins which I don't think is too bad. I know I shouldn't be timing myself just yet but I can't help it.
EDIT: this is the route that I rode
http://www.mapmyride.com/ride/united-kingdom/lyneham/543124999193949416

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With regards to your hub and spokes you'll find helpful advice on the 'workshop' forum if you need it
Thanks for the welcome. Hoping its found a good home. The aim is to get ft enought to do the London to Brighton next year so hopefully be using it almost everyday.
@Deal
Its making a horrible grate/crunch type rubbing sound. Its not constant which is why I think it may be the bearing on the way out. I hate trying to describe sounds, always come out wrong.
I've got a good LBS in Swindon so will take the bike in there to get them to look at it.
You're welcome. I was in the same position as you back in April. Decided to get back on the bike and do the Edin to St Andrew's in July and did too. It's amazing how quickly a 9 miler turns into 4hr runs on your own (or with a friend if you're luckier than me
I've bought the Milano 09 and like you am very pleased with it.