Yes this one is actually new! After a year of using the Cannondale I decided that it is too big for me. Last August the local bike shop put all their 2010 models on clearance, so I purchased one. My new bike is a Specialized Allez Elite. It is a 20-speed with a "compact double" chainring (34/50) on the front and a 12-27 cassette on the back. I was a bit concerned going from the triple chainring that's on my Cannondale to a double, but after riding this new bike for awhile I like the double better. I can still climb all the same hills and I don't have any of the issues that a triple can cause while shifting.