Good question
I'm not a Pace lover - I've broken every bit of Pace kit I've owned. But I'm glad they are about as a company - enthusiasts living the dream.
I test rode an RC200 at a demo day but the shop laughed when I inquired about buying a frame... they did not want the hassle when I broke it :roll:
Pace did what they had to for survival - XC race bikes like the old RC series are dead these days unless you can get the weight right down to carbon levels or/and price down to Tai Alu.
A few die hard fans who don't buy new frames very often and a bunch of bargain hunting retro fiends are not a good market to base your business model on.... and when your forks have a reputations for fragility and yet are of a fantastic design why not sell the lot off to someone who thinks they can build them better... and seem to have done just that.
I think the new Pace frames are interesting as they are now back to being frames for the enthusiastic rider rather than the out and out racer.
In the modern times brands are all about image and marketing where graphics and a few tweaks are really all that separate many of the frames available.... these are frequently welded in the same factorys. Most middle to high stuff BITD came out of the same factories - it's just that some of our modern supposedly high end boutique stuff now comes out of the same factories as all the other stuff, and those that want a Cove/Pace/etc pay the extra for the image, marketing, design and packaging. Being built in the same factory as all the other stuff I can't help thinking that the love is somehow missing, and to my mind we frequently see that with broken (design/testing issues), missaligned, badly finished, and poor paint on what are expensive "boutique" frames.
I'll probably not be buying a Pace although I did like the Fillet Brazed steel number they showed... but why buy the Pace when I could by a Curtis?
Having said all that I'm still glad they are about, and I do go and have a good look at the few I see on the trails. They have some nice design touches (although a few are also pretty pointless) and the image is now "sick gnarly dude" as opposed to "head down arse up race dude".
Times move on, Pace are still with us and I think it's a good thing.