I bought the Specialized Sequoia last July, I now have 1700 miles on it (and that is with not using it from Nov to April).
It was reviewed in the April 2006 Bicycling magazine (Page 80) as an entry level road bike and came up as "great value".
I got it because it was the best bike I could afford. I am happy with it because it does what I need it to do.
I am not a racer and have no intentions of being one. My goal is suppported touring and for that this bike works great. It is stable enough to not worry about irregularities in the road.
I ride with people who are on lighter, faster, more expensive bikes and some smoke me and some I smoke.
I love how it fits (I changed out the stem and put clipless pedals on)
I am taking it on a 400+mile tour next week and feel very confident it will see me through
All in all I love my bike, would I get something different? For the price no. For $500 more maybe
It's about the journey and being in the moment, not about the destination