Well. I see that my Cuz has been busy with the new $5 bike that will soon be a sweet vintage fixie. I have my own project and it's almost complete. I bought this little ugly thing for $5 also. She has horizontal dropouts and fit cyclocross tires that are 38mm. 700cc wheel. She has a minor identity crisis though. I call it a single speed cross/touring rig. Cross bike with road bike calipers? Sure. It is too small for me though so I will be selling her soon. She also dropped about 10 pounds with this make-over.
As you can see the bottom pic is the near completed make-over. I will have more pics in a week or so.