Found this guy on target's website of all places! Looks to have similar, if not better, parts than a Reid condor bike, but for $100 cheaper.
I'm certainly interested in it, but I already own a road bike these days, I'll inspect one at Target when I have a chance.
Short description:
The Cyclops 700C Alloy Road Bicycle features a lightweight alloy frame, 18 Speed Shimano shifting system, Shimano front and rear derailleurs, Double wall alloy rims, Alloy road breaks, Alloy 3 piece crank, 700C smooth ride tyres, Head set, Vader Saddle + KMC chain.
for a beginner, this bike is a lot better than the reid. the components are probably at the lowest end anyway. at least this one is 18 speed as opposed to 12 speed on the reid condor. my wife is a beginner and started with the condor, but the gears don't go low enough for her. so i'd expect the bigger range of gears is already a plus!