scenthound- I've had too many beloved bikes stolen to want to risk losing another. I end up investing in all kinds of stuff, in several good locks, in a nice seat, in lights and then someone steals the lot.
For for someone like me who lives on the edge of the inner-city, where bike theft is rife, it is a perfect choice. It's for daily, short-distance use, I can keep it behind my desk at work, and in the hallway of my small flat (soon to be small mews house), and in the small dressing room at my yoga studio etc.
The new generation folders are not like the old clunkers, BTW, they have grown up a bit