I love my 2006 Sequoia Elite. It's a relaxed geometry road bike. That means that it's more suited for comfort than for speed. It puts you in a more upright position than most drop-bar road bikes. If that's the sort of riding you are looking for, it may be the right bike for you.

I don't know what components came on the 2004's. On the 2006 it's mostly Shimano 105. Can't really comment on the price.