The Schwinn 2009 World GS retails for about $500. According to Schwinn's "dealer locator," you can find this model at Nash's Sports at 3339 14th St. N.W. in D.C.
I don't know whether Schwinn will ever recapture its former prestige (used Schwinns are still a better deal than new ones), but this is a step in the right direction. This bike makes the BFROU list because it's affordable and comes with fenders, rack, chainguard, and a bell.
Frame: Schwinn N'Litened aluminum with Comfort Tuned geometry and replaceable derailleur hanger.
Fork: SR Suntour NEX 4110 suspension fork with 50mm of travel and preload adjustment
Bottom Bracket: Shimano BB-UN26 square taper
Derailleurs: Shimano Acera M340 rear, C051 front
Shifters: Shimano EF50 Easy Fire triggers
Chain: KMC Z-72
Rims: Alex ACE 17 double wall alloy 32 hole
Hubs: Formula alloy sealed mechanism front and rear with quick release
Spokes: 14 gauge stainless steel, 32 per wheel
Tires: 700x38C Schwinn Approved city tread
Pedals: Resin comfort pedal with steel axle
Brake Levers: Shimano EF50
Handlebar: Alloy 50mm rise, 15 degree bend
Stem: Alloy quill style with adjustable rise
Headset: Integrated 1 1/8" threaded
Grips: Schwinn Bio Tuned Ergonomic dual density
Saddle: Comfort Tuned Plus with Schwinn memory foam
Seat Post: Alloy suspension with micro adjustment clamp
Extras: Planet Bike Freddy Fenders, Planet Bike rear alloy rack, full chain cover, bell, kick stand and alloy QR seat binder