The first and possibly most satisfying development has been the completion of painting the frame and fork:

The paint is in three layers: grey primer, then sky blue, then clear on top, all from rattle cans. I applied the stickers before the clear coat, hoping this would give them some protection. The stickers (from Cyclomondo) can be applied wet or dry; I applied them wet so that I could move them around if they were crooked. I'm really happy with how they turned out.

The rope is just a crazy idea for protecting the bottom face of the head tube, and probably not necessary.
And here's the top and bottom cups both pressed in:

Next up was the bottom bracket, a Shimano UN54 68x107mm job:

And then the left-hand crank and pedal (double-sided Shimano brand SPD).
