Maybe you should look at the Trek WSD 1500 and 2200. The 1500 is $1200 MSRP, the 2200 is $1900 MSRP. Both have carbon forks and seat posts, the 2200 has carbon seatstays as well. I'm 5'2", and have the 2005 2100, 47", with 650 wheels that they changed to 700 on the 2200, and the 2200 has better components, but they are basically the same, and I _love_ my bike- it's perfect!!! I love the smaller handlebars and whatever they did to the brakes/shifters to make them easy to reach. I don't believe WSD bikes are just hype- for one thing, the geometry is supposed to be different. Sure you could change the cranks/bars/brakes/shifters etc, but that's a lot more expensive than just starting out with a bike that has those things in a smaller size.
Nanci
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"...I'm like the cycling version of the guy in Flowers for Algernon." Mike Magnuson