Little K,
My own advice to you is based on your somewhat short height- I would suggest you look at the women-specific Terry brand bikes...the ones with the slightly smaller front wheel (650 size) with the regular 700 size back wheel. This will enable you to get a small size frame that will fit you beautifully and yet not have "toe clip overlap" where your toes sometimes hit the front wheel when turning because of the substantially shorter (shorter from front to back, not only vertically) frame size you will need to be on. Terry builds excellent bikes and has a great reputation. If you get one that fits right and is right for your riding uses, you will not likely "outgrow" it performance-wise. I would recommend them as a place to consider ESPECIALLY for any woman who is shorter than average.
Terry's website:
http://www.terrybicycles.com/cycling_savvy/index.html
Other than that, I agree with the others on the Shimano 105, Ultegra or dura ace components (parts) suggestions.



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