Well, actually...
Posted by: NewbTastic on Dec-15-12 10:03 PM (EST)
...I am told by my hardcore bike-riding friends that steel has been achieving a mini-resurgence in bicycles in recent years. Though it's in no danger of unseating carbon fiber as the 'coveted' material, especially in high-end racing bikes.
But if you want a commuter or 'practical' bike, there's lots of choices in steel these days.