Nips, you can get a brand new one from the folks that produce PK ripper (SE racing, see:
www.sebikes.com) for that much. Might be better because you can get
a larger size bike that would suit you better that is still as stylish, has better components, colors, etc. Especially with the economy the way it is, you should go into your local shop that carries these with cash and try to make a deal. My friend recently got a new SE bike listed at $550 in the store for $400 cash. If you are in an mostly urban area (sf right?) you can probably make this happen. Those vintage bikes are fucking cool though.