Just went on my first ride (maybe 10 miles?), and I'm feeling pretty good about the frame. It feels stiff, but it's extremely forgiving through the bumps. This thing runs HUGE by my assessment. I'm used to riding mountain bikes, though, so take that with a grain of salt. Although, I have ridden a few mediums in other brands recently, and this one feels the biggest by a good margin. I immediately pushed the seat forward, and silently wished for a slightly shorter stem, but when I got going, I appreciated the extra length and what it does for bump absorption. The wheels seem okay, but I'm not familiar with Fulcrum at all, so I can't say much more than that they seem decent so far. The reflectors must go (forgot to take them off before my ride) as they make all kinds of weird noises while I'm riding. They could just be improperly tightened onto the spokes, but I don't tend to ride with reflectors anyway...other than what's on my shoes and my camelback.
On to the critical part:
The shop did a piss-poor job of tuning this sucker up. When I put it together, it wouldn't drop onto the smallest sprocket in the rear, and the trim was all wonky up front. I got chain-rub on the front derailleur in pretty much every gear (small sprocket AND large). I did some minor adjustments, but I'm not a road-parts expert. I'm used to adjusting my XTR stuff, and that's pretty simple since there's no trim adjustment there...and with the 9-speed, the tolerances are a little less strict when it comes to fine tuning. Anyway, I got rid of the rub by adjusting the front D, but it's still having trouble getting into the small sprocket in back. It also seems to be pretty slow shifting, but maybe I'm expecting too much, again, because I'm used to the XTR gear I run on my mountain rig.
For a first road-bike, I feel pretty good about it, but will update if my experience changes.
Pre-ship tune-up: 2/5
Value/price ratio: 5/5
Frame quality: TBD
Overall quality: 4/5